The Monetary Authority of Singapore is Singapore’s central bank and financial regulator. MAS administers the various statutes pertaining to money, banking, securities, funds and the financial sector in general.
Inland Revenue Authority of Singapore
The Inland Revenue Authority of Singapore (IRAS) is the key tax administrator in Singapore.
Ministry of Finance, Singapore
The Ministry of Finance is responsible for designing regulatory policies and best practices in areas such as company law, accounting standards and corporate governance principles, to establish Singapore as an international business and financial centre.
Enterprise Singapore champions the growth of Singapore as a hub for global trading as well internationalisation of local businesses.
Singapore Economic Development Board
The Economic Development Board plans and executes strategies to sustain Singapore as a leading global hub for business and investment.
Ministry of Manpower
The Ministry is responsible for the formulation and implementation of labour policies related to the workforce in Singapore.
Doing Business In Singapore
The gradual shift in the world’s economic gravity to the eastern hemisphere has been well leveraged by Singapore, with its strategic location and growing appeal as an international hub for wealth management and financial services. Singapore has topped the world ranking in terms of ease of doing business for close to a decade. Many global businesses benefit from locating their head quarter operations in Singapore.
Dhruva’s ‘Doing Business in Singapore’ publication provides a concise synopsis on the critical aspects of doing business in Singapore with highlights on taxation, audit & accountancy as well as other related business matters.Download
Fund Management In Singapore
Located in the heart of Asia, Singapore has emerged as a leading wealth management hub due to its favourable business environment and stable tax policy. It serves as one of the most attractive locations for fund managers as well as investors, including sovereign wealth funds, pension funds and family offices. Moreover, its friendly yet robust tax and regulatory environment holds sway over the financial sector.
Our publication of ‘Fund Management in Singapore: Tax and regulatory landscape’ summarises various tax incentives for fund managed by Singapore-based fund managers, MAS licensing requirements and other related aspects.Download
Singapore TP Regulations
The Singapore Transfer Pricing (‘TP’) regime has its roots in the year 2006, with the introduction of the 1st edition of TP Guidelines. The guidelines have evolved since then in alignment with the OECD’s Base Erosion and Profit-Shifting recommendations, especially in relation to the application of the arm’s length principle and the maintenance of TP Documentation.
Our publication is updated during July 2020 to provide the insights on the fundamental aspects of the guidelines. We have presented these aspects in the form of succinct answers to FAQs for ease of understanding. We sincerely hope that you will find this an interesting read.Download