CLA Global TS Annual Tax Circular 2023

1. ESTIMATED CHARGEABLE INCOME (“ECI”) According to Section 63(1) of the Singapore Income Tax Act (“SITA”), every person (including a company) not being an individual or a Hindu joint family who has not filed a tax return for any year of assessment (“YA”), is required to furnish an estimate of his chargeable income and revenue […]

CLA Global TS renews as Major Partner of the Singapore National Women’s Floorball Team and the Singapore U19 National Women’s Floorball Team

Singapore, 21 March 2022 – CLA Global TS (formerly Nexia TS) and the Singapore Floorball Association (SFA) are pleased to announce the sponsorship renewal for the Singapore National Women’s Floorball Team and the Singapore U19 National Women’s Floorball Team. CLA Global TS has been supporting the Singapore National Women’s Floorball Team since 2017, while 2022 […]

CLA Global TS Commemorates International Women’s Day 2023

CLA Global TS expresses its gratitude to women within the firm and our communities. CLA Global TS Women Leaders and their team of auditors at the firm’s celebratory event. Singapore, 8 March 2023 – In conjunction with International Women’s Day, a day to celebrate the achievements and contributions of women, CLA Global TS (formerly Nexia […]

Singapore Budget 2023 Commentary – Moving Forward with Mergers and Acquisitions

Moving Forward with Mergers and Acquisitions (M&A) With Singapore moving towards a post-pandemic environment in 2023, many businesses are seen undergoing restructuring to re-evaluate opportunities to better adapt to a future embracing green investments. Mergers and Acquisitions (M&A) provides an extensive range of gateways for businesses to grow by gaining access to new markets, achieving […]

Singapore Budget 2023 Commentary – Our Roadmap to Adapt and Thrive in a Post-Pandemic World

Singapore, 16 February 2023 – Singaporeans may be forgiven in hoping for some additional love from the Government considering that the Budget announcement falls on Valentine’s Day. Especially since we have been cheery beneficiaries of recent consecutive generous budgets for the past few years. However, after coming out from the pandemic relatively unscathed and with […]

Accounting for Business Success – Can Accounting Do Without Accountants?

By Lim Ju May Financial Accounting and the Medical Profession – What is the Connection? Gong Xi Fa Cai, Prosperity, and Good Health to all. ‘Health is wealth’ is universal truth for everyone but would you agree that the same also applies to businesses? The financial health of a business is akin to a person’s […]

CLA Global TS Successfully Assisted YKGI Limited in its IPO Listing on SGX Catalist Board

Singapore, 7 February 2023 – CLA Global TS (formerly Nexia TS) is pleased to announce that it has successfully assisted homegrown multi-brand F&B and food court operator, YKGI Limited, in its initial public offering (IPO) listing on the Singapore Exchange Catalist board. YKGI Limited is an established homegrown brand with a track record of more […]

Tax Aspects of Remote Work – Implications For Employers and Employees

This article was first published in the IS Chartered Accountant, February 2023. Re-published with permission from the Institute of Singapore Chartered Accountants (ISCA). Takeaways In planning for cross-border remote work arrangements, employers should seek to understand and address potential issues relating to permanent establishments in the foreign jurisdiction. Applying the source rule, an employee who […]

CLA Global TS Assurance Director Featured on Aspire’s Future of Finance 50 List

Mr Samuel Lim, Assurance Director at CLA Global TS featured on Aspire’s Inaugural list of leaders shaping the future of the finance in Southeast Asia.   Singapore, 10 January 2023 – CLA Global TS (formerly Nexia TS) is pleased to share that its Assurance Director Mr Samuel Lim has been featured on Aspire’s Future of […]

GET A QUOTE