YER Associates

Merry Christmas and Happy New Year everyone! Have a fruitful year ahead!

Happy National Day to everyone in Singapore!

Wishing you and your loved ones abundance, prosperity and good fortune in the Year of Dragon. 龙凤呈祥，幸福安康！ 🧧🧧

Happy New Year of the Rabbit! May this new year bring you and your loved ones peace, love, happiness, prosperity and good health!

Dependant's Pass holders will need formal work pass to work in S'pore from May 2021 Their employers will need to apply for an Employment Pass (EP), S Pass or Work Permit for them.. Read more at straitstimes.com.

Happy New Year of the Ox! May this new year bring you and your loved ones peace, love, happiness, prosperity and good health!

Calling all students and new taxpayers! Keen to find out more about paying taxes, how to go about doing it and common tax reliefs that help reduce tax bills? Join us at IRAS Youth Network’s upcoming webinar “Understanding my Tax Obligations” on 14 December 2020.


Register at https://tinyurl.com/Understanding-Tax-Obligations now!

If you’re running an online business, take heed.

Between 2015 and 2019, the Inland Revenue Authority of Singapore (IRAS) recovered more than $3.8 million in taxes and penalties from 65 audit cases on taxpayers who operate online businesses.

Click for some of the common compliance issues of online business owners.

Read more on what online business owners should comply with at https://www.iras.gov.sg/irashome/News-and-Events/Newsroom/Media-Releases-and-Speeches/Media-Releases/2020/Former-Businessman-First-to-be-Charged-for-Failure-to-Register-GST-for-Online-Sales/

Jobs remain a key priority as we continue to support our workers and businesses through this crisis.

Later this month, we will be disbursing more than $5.5 billion in Jobs Support Scheme (JSS) payouts, to help over 140,000 employers retain and pay their local employees. With this payout, the third since the pandemic struck, over $21.5 billion of JSS support would have been disbursed.

As announced in my August Ministerial Statement, the JSS will be extended by up to seven months, to cover wages paid up to March 2021. With the extension of the JSS, most businesses will receive a total of 17 months’ worth of wage support.

I urge all employers to do their best to retain their workers during this difficult period. For businesses that continue to grow, we also have the Jobs Growth Incentive to encourage the hiring of local workers, especially those in their middle-age.

You can read the Ministry of Finance (Singapore) press release here: https://go.gov.sg/jssoctpayout



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Why paying taxes is so easy in Singapore | GovInsider Interview with Cheng Hui Yi, Director (Insights & Solutions), Compliance, Strategy and Insights Division, Inland Revenue Authority of Singapore.