Tax, Investment, and Workforce Considerations in Singapore Budget 2024
Singapore unveils Budget 2024 with an emphasis on international tax compliance, business competitiveness, and supporting local workforce development, among other priorities. Finance Minister Lawrence Wong delivered the Singapore Budget 2024 address on February 16th, outlining financial strategies for the upcoming year. Many businesses are closely watching developments as shifts in budget allocations and policies offer […]
Understanding Singapore’s New Tax Regulations Under Section 10L of the Income Tax Act
Singapore has taken the step to enact section 10L in the Singapore Income Tax Act 1947, treating gains received in Singapore from the sale of foreign assets as income chargeable to tax. Effective from January 1, 2024, this new section aims to ensure that entities operating without significant economic presence in Singapore are subject to […]
Alpadis Group Celebrates the Official Launch of Their New Office in Singapore’s One George Street
Office launch signals a reaffirmation of Alpadis Group’s longstanding commitment to Singapore and the wider Asian market. Alpadis Group, a leading provider of fiduciary services, is excited to announce the Official Launch Event of their new office, located at the prestigious One George Street, slated for Friday, October 27, 2023. This celebration is not just […]
Singapore’s Family Office Tax Incentives Revised to Benefit Local Markets
MAS to change the tax incentives for Single Family Offices to boost local hiring and investments in equity markets Singapore’s Monetary Authority (MAS) plans to adjust its tax incentives for single-family offices, aiming to stimulate local employment and encourage investment in domestic equity markets. The proposed revisions also involve incentives to drive investment in climate-related […]
Alpadis Group Announces Move to Iconic One George Street Building in Singapore
Alpadis Group has announced its strategic relocation to the iconic One George Street (OGS) building in the heart of Singapore’s financial district Alpadis Group, a leading provider of fiduciary services, has announced its strategic relocation to the iconic One George Street (OGS) building in the heart of Singapore’s financial district. The move to the new […]
A Strategic Journey with Alpadis Group’s New Singapore Managing Director
Alpadis Group’s new Singapore head discusses his plans for the future, the key to growth and the importance of meditation In this comprehensive interview, the newly-appointed Managing Director for Alpadis Group Singapore, John Tan, delves into his motivation for joining Alpadis Group, the unique insights he bring from his extensive experience in trust and fiduciary […]
Alpadis Group Welcomes John Tan as Managing Director of Singapore Office
Industry Veteran to drive further expansion, grow team in Singapore, and ensure the highest levels of client service Alpadis Group is pleased to announce the appointment of John Tan as the new Managing Director of its Singapore office, effective May 2023. In his new role, John will be responsible for overseeing the operation and administration […]
Singapore Increases Property Tax, Doubling Rate on Foreigners to 60%
Higher property taxes designed to moderate growth in the price of homes Singapore is raising taxes on property purchases to temper its overheated housing market, amid growing concern that an influx of wealth into the city-state is harming affordability for locals and its competitiveness as a financial hub. The government is increasing stamp duties for […]
Singapore Government announces measures to support citizens and businesses in 2023 Budget
A number of expansionary measures, as well as higher taxes on luxury cars and property, included in the latest Singapore budget The Singaporean government has announced several economic measures aimed at supporting citizens and businesses through inflation, cost of living, and encouraging innovation. Announced by Deputy Prime Minister Lawrence Wong, these measures include increasing support […]
Singapore extends grant scheme for Variable Capital Companies
Extension will co-fund 30% of qualifying expenses incurred by Singapore-based service providers for work related to the incorporation or registration of a VCC The Monetary Authority of Singapore (MAS) has announced an extension to its grant program aimed at reducing the costs associated with setting up or registering a Variable Capital Company (VCC) in Singapore. […]