Monthly Archives: April 2015

Auditor-General finds ‘major lapses’ in Workers’ Party-run town council accounts

Singapore has become witness to a local controversy of sorts in local governance and management. The Aljunied-Hougang-Punggol East Town Council (AHPETC), was recently flagged by the Auditor-General after having done an audit on the AHPETC’s accounts during the period of the Financial Year of 2012-2013. The Auditor-General released a 17 page report to the public […]

By |April 30th, 2015|Category|0 Comments

Case of Unlawful GST Collection and Improper Accounting Records

GST is also known as Goods and Services Tax. It is also the latest way of implementing, assessing and collecting tax for goods in Singapore. In addition to this, GST is also somehow related to Value Added Tax that is being utilized by other countries in the world. This poses a challenge for practitioners who […]

By |April 24th, 2015|Category|0 Comments

8 weeks of jail for understating his business’s GST

The GST law was made based on the UK and New Zealand VAT laws and is applied by Inland Revenue Authority of Singapore (IRAS). The rates and laws change regularly and only a competent consultancy firm providing accounting services in Singapore are aware of the frequent changes in the law.
What does GST mean for your […]

By |April 19th, 2015|Category|0 Comments