SINGAPORE -- Companies in Singapore will face a crackdown from the taxman next year if their books are not in tip-top shape. The tougher approach is part of a wide-ranging campaign to help businesses, particularly small and medium-sized enterprises (SMEs), keep good records, including invoices, tax receipts, accounting schedules and bank statements. Of the 750 individually run operations and small businesses audited last year, 75 percent did not keep proper records. Full story
IRA warns Singapore firms to sharpen up their record keeping
The China Post, 12 Aug 2010
SINGAPORE -- Companies in Singapore will face a crackdown from the taxman next year if their books are not in tip-top shape. The tougher approach is part of a wide-ranging campaign to help businesses, particularly small and medium-sized enterprises (SMEs), keep good records, including invoices, tax receipts, accounting schedules and bank statements. Of the 750 individually run operations and small businesses audited last year, 75 percent did not keep proper records. Full story
SINGAPORE -- Companies in Singapore will face a crackdown from the taxman next year if their books are not in tip-top shape. The tougher approach is part of a wide-ranging campaign to help businesses, particularly small and medium-sized enterprises (SMEs), keep good records, including invoices, tax receipts, accounting schedules and bank statements. Of the 750 individually run operations and small businesses audited last year, 75 percent did not keep proper records. Full story
