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      Outsourcing the financial reporting function is a growing trend among middle market and startup companies, as it provides a cost-effective way to improve the finance and accounting function. Our team can help with financial statement preparation, consolidation and technical on-call advisory.
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    Related insights:
    Reducing risk in cross-border transactions
    Mergers & Acquisitions Reducing risk in cross-border transactions
    Cross-border merger and acquisition opportunities are increasing as healthy company financials in many economies drive an appetite for deals.
    15 Jan 2018
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      Backed by the CTC Grant, businesses can tap on the ARC Framework to gain access to sustainability internally, transform business processes, redefine job roles for workers, and enhance productivity. Companies can leverage this grant to drive workforce and enterprise transformation.
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    Navigating the Carbon Border Adjustment Mechanism (CBAM) and its impacts on global trade
    Sustainability Navigating the Carbon Border Adjustment Mechanism (CBAM) and its impacts on global trade
    The European Union (EU) stepped up in 2021 and unveiled the Carbon Border Adjustment Mechanism (CBAM) where fees are charged on carbon footprint of certain imports. This aims to curb emissions, level the playing field, and unlock opportunities for innovation and a greener future.
    Anne Liew
    Anne Liew
    | 10 min read | 16 Apr 2024
    Forensic Advisory
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    Insights

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    Doing Business in Singapore Tax
    Featured insights
    Singapore Budget 2025
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    The Singapore Budget 2025 was announced by Prime Minister and Minister for Finance Lawrence Wong on 18 February 2025. This hub will be where you can get key takeaways and potential impacts from our tax experts, empowering businesses and individuals to make informed decisions.
    19 Feb 2025
    Doing business in Singapore
    Doing business Doing business in Singapore
    If you are planning on doing business in Singapore, this guide provides an overview of Singapore's investment environment. Learn more about common issues companies might face when expanding into Singapore and get insights on navigating the country's legal, accounting and tax landscape.
    31 Jul 2024
    InvoiceNow and the e-invoicing requirements in Singapore
    GST InvoiceNow and the e-invoicing requirements in Singapore
    The last decade has witnessed a growing trend for tax administrations leveraging technology and introducing e-invoicing as a means to streamline tax administration and tackle tax fraud and evasion. In Singapore, the Inland Revenue Authority of Singapore (IRAS) has just announced the the mandatory adoption of e-invoicing under their InvoiceNow initiative for newly GST-registered companies with the possibility of it being rolled out to all other GST-registered businesses.
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    Webinar: Demystifying Transfer Pricing
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    This webinar will help you understand transfer pricing concepts introduced by the IRAS whilst also explaining its impact from corporate tax, personal income tax and GST perspectives.
    29 Apr 2021
    Insights on the Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses (Fourth Edition)
    Tax Insights on the Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses (Fourth Edition)
    The Inland Revenue Authority of Singapore has updated its circular “Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses (Fourth Edition)” on 31 March 2021. The March 2021 update has added a definition of translation differences and a new annex on frequently asked questions about the designated bank account for designated revenue purposes and the application of the de-minimis limit.
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    Transfer Pricing and Tax Authorities—a Singapore Perspective
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    Munjal Almoula of Grant Thornton Singapore discusses the evolving approach of tax authorities worldwide to transfer pricing policies and audits, and considers the potential implications for the Singapore transfer pricing regime.
    10 min read | 31 Mar 2021
    Webinar: Mergers and Acquisitions – the tax angle
    Webinar Webinar: Mergers and Acquisitions – the tax angle
    This webinar is a refresher and update on the tax aspects of M&A from the purchaser’s point of view, from the due diligence process through to post-deal restructuring issues that may be necessary to absorb the new acquisition.
    31 Mar 2021
    SFRS update for Q1 2021
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    This newsletter includes recent changes to SFRS that were issued by ASC in 2020. This publication provides an overview of upcoming changes, explaining the relevant amendments together with effective dates.
    25 Mar 2021
    New e-Tax Guide by IRAS - Transfer Pricing Guidelines on Centralised Activities in MNEs
    Transfer Pricing New e-Tax Guide by IRAS - Transfer Pricing Guidelines on Centralised Activities in MNEs
    The IRAS has recently issued the e-Tax Guide - Transfer Pricing Guidelines Special Topic on Centralised Activities in Multinational Enterprise Groups (MNE). The guide published on 19 March focuses on analysing the importance of the centralised activities in Singapore and providing guidance on how to analyse these activities.
    23 Mar 2021
    Beyond Budget 2021
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    As a result of the many budgets in 2020, many stabilising measures deemed necessary to keep the country on its feet and help it find its way through the pandemic have already been announced and implemented.
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    Women in Business 2021: A window of opportunity
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    For 17 years, Grant Thornton has been tracking the global progress of women in senior management. In the last 12 months, unprecedented events have had an unforeseen and unparalleled impact on that progress.
    08 Mar 2021
    Financial reporting challenges during COVID-19
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    Management, with the oversight of those charged with governance, is responsible for the preparation of the financial statements.
    04 Mar 2021
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    Webinar: Singapore Budget 2021 and Beyond
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    19 Feb 2021
    Singapore Budget 2021: Our observations & analysis
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    Finance Minister, Mr Heng Swee Keat, delivered the Singapore Budget 2021 earlier today. We have produced a summary of the key tax takeaways to help you understand the changes that were announced and how they affect both you and your business.
    16 Feb 2021
    Coining in on foreign talent?
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    Over the last five years in Singapore, there has been a continuation of a global shift towards protectionist immigration policy. Although this shift is not new, it seems to have gathered pace.
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    COVID 19: Hedge accounting insights
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    There are several accounting considerations the COVID-19 pandemic has triggered in relation to IFRS 9. In our view one of the most significant is in relation to hedge accounting and highly probable cash flows.
    05 Feb 2021
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