IPO Readiness Assessment Guide & Checklist Going public through an Initial Public Offering (IPO) can be a significant milestone for any business, marking a transition from private to public ownership. However, the decision to get started on this journey should not be taken lightly.  In this IPO readiness assessment guide and checklist, we will explore the crucial considerations and steps to ensure your company is well-prepared for the IPO process. Ask Yourself if Going Public is Right for Your Business Before diving into the IPO process, it is essential to evaluate whether go ..read more

A Foreigner's Guide to Singapore Tax Incentives Overcoming the complexities of taxation in a foreign country can be daunting, especially for businesses seeking to establish a presence in Singapore.  However, Singapore offers a range of tax incentives aimed at attracting foreign investment and boosting economic growth. Understanding these incentives is important for businesses looking to optimize their tax liabilities and maximize their potential in the vibrant Singaporean market. Start-Up Tax Exemption Scheme Singapore is renowned for its vibrant start-up ecosystem, and the gover ..read more

The Future of SPACs in Singapore Special Purpose Acquisition Companies (SPACs) have sparked interest in the capital markets, offering an alternative route for companies to go public.    In Singapore, the introduction of SPACs has stirred curiosity and debate about their sustainability and impact on the local market.    This article explores the trajectory of SPACs in Singapore, analyzing their rise, challenges, and prospects for the future. Understanding SPACs SPACs, also known as “blank cheque” companies, are entities formed with the sole purpose of acquiring other ..read more

Sustainability Reporting for SMEs in Singapore Small and Medium-sized Enterprises (SMEs) play an important role in Singapore’s economy, which in turn, contributes significantly to employment and economic growth.    In recent years, there has been a growing emphasis on Environmental, Social, and Governance (ESG) factors in business operations. However, SMEs often face unique challenges when it comes to adopting sustainability reporting practices.    In this article, we explore these challenges and how SMEs can overcome them effectively, leveraging support from the Sing ..read more

Improving Transfer Pricing Compliance in Singapore TP Guidelines (“TPG”) Prior to 2019, Singapore taxpayers were not legally required to prepare and maintain Transfer Pricing documentation. The change is due to the strengthening of legislative requirements concerning Transfer Pricing which added Section 34F in the Singapore Income Tax Act (“SITA”) in October 2017. These were followed by the introduction of the Income Tax (Transfer Pricing Documentation) Rules 2018 (“Rules”) in February 2018 under powers conferred by Section 7(1) of the SITA. The Fifth edition of the IRAS e-tax guide on T ..read more

Singapore Tax Incentives: Double Tax Deduction for Internationalization In today’s global economy, Singapore shines as an opportunity hub for businesses seeking international expansion. Central to Singapore’s appeal are its strong tax incentive schemes, particularly the Double Tax Deduction for Internationalization (DTDi).    This article explores the details of DTDi, its application process, and the important role played by accounting firms in Singapore in maximizing its advantages. Understanding Double Tax Deduction Internationalization (DTDi) The Double Tax Deduction Schem ..read more

What is a SPAC vs IPO? An Initial Public Offering (IPO) is the process through which a private company offers its shares to the public for the first time, thereby becoming a publicly traded company. This enables investors to buy shares and trade them on a stock exchange.   On the other hand, a Special Purpose Acquisition Company (SPAC) is a publicly traded entity formed to raise capital through an initial public offering (IPO) with the sole purpose of acquiring or merging with an existing private company, effectively taking it public without undergoing the traditional IPO process ..read more

What is Documentation in Transfer Pricing? Transfer pricing documentation is an important component of multinational corporations’ financial strategies, which ensures compliance with regulatory standards while optimizing tax liabilities.    In Singapore, a busy business hub with stringent regulations, understanding transfer pricing documentation is a must for businesses aiming to meet the complex tax requirements.    In this article, we explore the complexities of transfer pricing documentation, its global context, and its implications for businesses operating in Sing ..read more

Beyond Profit: Harnessing Sustainability Reporting for a Better Singapore Today, the pursuit of profit in business no longer stands alone as the primary goal for organizations. Instead, there is a growing recognition of the importance of environmental, social, and governance (ESG) factors in driving long-term value creation.    For Singapore, a nation deeply intertwined with global markets, adopting sustainability reporting is not just a trend—it is a strategic imperative for securing a prosperous future.    Let’s explore how organizations in Singapore can harness sus ..read more

What Happens to SPAC Stock After Merger Special Purpose Acquisition Companies (SPACs) have gained immense popularity in recent years as an alternative method for companies to go public. While the initial public offering (IPO) process is traditional, SPACs offer a faster and more streamlined approach.    However, once the merger between a SPAC and its target company is completed, investors often wonder about the fate of their SPAC stock.    In this article, we will explore what will happen to SPAC stocks post-merger.  Understanding the SPAC Merger Process Before ..read more