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Published: 28 April 2015

Free Data Analysis Report now available to all SingPass holders

With immediate effect, ACRA is granting access to all SingPass holders to tap a free data analysis service on the BizFin^x portal. The access allows users to generate a Free Data Analysis (FDA) report that was previously available only to company directors and secretaries of companies that file XBRL financial statements with ACRA.

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Published: 24 April 2015

The Inland Revenue Authority of Singapore (IRAS) announced that the overall on-time filing rate this year remained high at 95% and thanks taxpayers for filing on time.

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Published: 21 April 2015

The Foreign Account Tax Compliance Act (FATCA) was enacted by the United States (US) Congress in March 2010 to target non-compliance with US tax laws by US persons using foreign accounts. FATCA requires all financial institutions (FIs) outside the US to periodically transmit information about financial accounts held by US persons to the US Internal Revenue Service (US IRS).  FIs that fail to comply will face a 30% FATCA-related withholding tax on certain payments made from the US.

Please click HERE for more information.

Source: IRAS

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Published: 04 April 2015

If you are on the No-Filing Service, you can preview your tax bill and request early assessment if you do not need to make changes to the income, deductions or reliefs on your online tax form.

Source: IRAS

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Published: 25 March 2015

CPF Board will be introducing two key enhancements to the CPF e-Submit@web system:

• Auto-Computation of Skills Development Levy (SDL)

CPF e-Submit@web will auto-compute the SDL for your local employees based on their wages indicated in the Employee Database.

What you need to do: Specify if SDL is payable for each employee by following the steps below:

• Auto-Computation of CPF Late Payment Interest

CPF e-Submit@web will auto-compute the amount of late payment interest for any late submissions.

For more information on SDL matters, please refer to the Singapore Workforce Development Agency's FAQs or call 6883 5885.

For enquiries on CPF e-Submit@web, please email us at This email address is being protected from spambots. You need JavaScript enabled to view it. or call us at 6220 2340.

Source: CPF Board