Leftright Corporate Pte. Ltd.

02/11/2026

Singapore businesses adopting AI may qualify for a 𝟰𝟬𝟬% 𝘁𝗮𝘅 𝗱𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻 on the first S$50,000 of qualifying expenditure per YA for YA 2027 and YA 2028.

The deduction covers qualifying AI software subscriptions, licences and AI-related business services.

Hardware purchases and government-subsidised expenditure are excluded. The incentive is a tax deduction, not a cash payout.

We've prepared a guide explaining the eligibility requirements, qualifying expenses and how the deduction is calculated.

Singapore businesses can claim a 400% AI tax deduction under EIS for YA 2027 and YA 2028. Learn which AI expenses qualify, exclusions and claim rules.

30/10/2026

Can Singapore businesses still request NRIC photocopies from customers?

Yes, where required by law or genuinely necessary for accurate identity verification, such as regulated KYC and company incorporation.

The 31 December 2026 deadline concerns authentication, not a blanket ban on NRIC collection.

Businesses must stop using full or partial NRIC numbers as passwords, PINs or proof that someone is authorised to access confidential records.

We've prepared a guide with practical examples of what's still allowed and what needs to change.

Singapore businesses must stop using NRIC numbers for authentication by 31 December 2026. See when collecting NRIC details and copies remain allowed.

16/10/2026

ACRA is introducing further changes to Singapore company law from 𝟮𝟬 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟬𝟮𝟲.

The main updates for business owners:
- 𝗔𝗻𝗻𝘂𝗮𝗹 𝗥𝗲𝘁𝘂𝗿𝗻𝘀: Companies must confirm that their latest Bizfile particulars are accurate.
- 𝗖𝗘𝗢 𝗱𝗲𝗰𝗹𝗮𝗿𝗮𝘁𝗶𝗼𝗻: Companies will need to indicate whether anyone performs the CEO role.
- 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿𝗲𝗱 𝗼𝗳𝗳𝗶𝗰𝗲𝘀: Minimum public opening hours are being removed, but lawful record-inspection requirements remain.
- 𝗦𝘁𝗿𝗶𝗸𝗶𝗻𝗴-𝗼𝗳𝗳: Certain procedures and timelines are being streamlined.
If we handle your company's secretarial filings, we'll include the new checks in your next Annual Return and reach out if we need additional information.

There's no need for a separate Annual Return filing just because these changes commence.

Read the full update:
https://leftrightcorp.com/guides/news-updates/acra-company-law-changes-20-october-2026/

09/07/2026

Thinking of using your home address to register a Singapore company?

A residential address may be suitable for a small, administrative business, but there are several matters to consider first. These include the relevant HDB or URA requirements, registered-office obligations and the fact that the company’s address may be publicly available.

Our latest guide explains:

✓ Using an HDB flat or private residential property
✓ The Home Office Scheme
✓ Home address privacy considerations
✓ When a registered office service may be more suitable

Read the full guide: https://leftrightcorp.com/guides/business-incorporation/home-address-company-registered-office/

Company SecretaryComplete Accounting & ComplianceAccounting & BookkeepingStart Digital AccountingDormant Company Compliance

02/07/2026

The ONE Pass is one of Singapore’s most flexible work passes for established professionals, senior executives and founders.

Unlike an Employment Pass, it is tied to the individual rather than a single employer. This allows a holder to start, operate and work for multiple companies without reapplying each time they change roles.

A ONE Pass holder can also own shares in a Singapore company and take up a directorship without obtaining a separate Letter of Consent.

Our latest guide covers:

• Who qualifies for the ONE Pass
• The S$30,000 salary requirement
• Benefits for founders and senior professionals
• Whether a holder can serve as a local resident director
• Renewal requirements
• ONE Pass vs Employment Pass vs EntrePass

Read the full guide:
https://go.leftrightcorp.com/onepass

Find out how Singapore’s ONE Pass works, who qualifies, and whether holders can start a company, own shares and serve as a local resident director.

24/06/2026

S$1 is the legal minimum paid-up capital required to incorporate a Singapore company.

However, the amount you choose may still affect your company’s credibility and future business plans.

For example, higher paid-up capital may be relevant when dealing with commercial landlords, corporate clients, traditional banks, government schemes or an EntrePass application.

Our latest guide explains what paid-up capital actually affects, what it does not affect, and how much may be appropriate for different types of businesses.

Read more: https://leftrightcorp.com/guides/business-incorporation/one-dollar-paid-up-capital-singapore/

S$1 is the legal minimum paid-up capital in Singapore. Find out when it is sufficient and when your company should consider starting with a higher amount.

16/06/2026

If you own a Singapore company, you should not simply transfer money from the company bank account to yourself casually.

For founder-directors, the common ways to pay yourself are:

• Salary
• Director’s fees
• Dividends

Each option is treated differently.

Salary may attract CPF if you are a Singapore Citizen or PR, and the applicable CPF rates depend on your age and the prevailing CPF rules.

Director’s fees do not attract CPF, but they need to be properly approved by shareholders before payment.

Dividends are generally tax-exempt in the hands of shareholders, but they can only be paid out of profits available for distribution.

We prepared a simple guide explaining the CPF, tax, approval, and documentation points for each method.

Read the full guide here:
https://go.leftrightcorp.com/directorpay

There are three legitimate ways to pay yourself as a director: salary, director's fees, and dividends. Each works differently, with its own tax treatment, CPF implications, and admin requirements.

01/06/2026

🚨 Singapore Companies: You're Getting a 50% Corporate Tax Rebate for YA2026

As announced in Budget 2026, and later enhanced in April 2026. IRAS is granting a Corporate Income Tax (CIT) Rebate to ALL taxpaying companies for Year of Assessment 2026.

Here's the quick summary:

✅ 50% rebate on your corporate tax payable
✅ Capped at $40,000
✅ Eligible companies also receive a $2,000 Cash Grant (non-taxable)
✅ Applied automatically by IRAS. No separate application needed

𝗪𝗵𝗼 𝗴𝗲𝘁𝘀 𝘁𝗵𝗲 $𝟮,𝟬𝟬𝟬 𝗖𝗮𝘀𝗵 𝗚𝗿𝗮𝗻𝘁?
Companies that made CPF contributions to at least one local (SC/PR) employee in calendar year 2025. Shareholder-directors don't count.

𝗪𝗵𝗲𝗻 𝗱𝗼𝗲𝘀 𝗶𝘁 𝗴𝗲𝘁 𝗽𝗮𝗶𝗱 𝗼𝘂𝘁?
The cash grant will be disbursed by 30 June 2026.
We've put together a full breakdown, with worked examples, so you know exactly what your company is entitled to.

🔗 Read the full guide: https://leftrightcorp.com/guides/corporate-tax/iras-ya2026-cit-rebate/

Need help with your YA2026 tax filing? We handle end-to-end tax computation and filing for Singapore companies.

Drop us a message. 👇

28/05/2026

GST-registered businesses in Singapore will need to transition to InvoiceNow over the next few years.

From 2026 to 2031, the GST InvoiceNow requirement will be rolled out in phases. Eventually, all GST-registered businesses will need to issue, receive, and transmit invoice data to IRAS through InvoiceNow.

For businesses already using cloud accounting software, this may be a simple setup exercise.

For businesses still using Excel, PDF invoices, or manual bookkeeping, it is worth planning the move earlier.

We’ve put together a simple guide covering:
• What the GST InvoiceNow requirement is
• Who is affected
• The phased implementation timeline
• What businesses should do to prepare

Read the guide here: go.leftrightcorp.com/invoicenow-transition

11/05/2026

Your SSIC code may have just changed — and you might not have noticed 👀. Visit go.leftrightcorp.com/2025ssic to read more.

Effective 𝟵 𝗠𝗮𝘆 𝟮𝟬𝟮𝟲, ACRA has migrated all Singapore-registered businesses from SSIC 2020 to the new 𝗦𝗦𝗜𝗖 𝟮𝟬𝟮𝟱 classification. The update was automatic, but that doesn't mean you're off the hook.

Here's what to do:

✅ Log in to Bizfile
✅ Check your entity's current SSIC code
✅ If it's inaccurate, update it — you're responsible

More than 𝟭,𝟱𝟬𝟬 𝗰𝗼𝗱𝗲𝘀 𝘄𝗲𝗿𝗲 𝗿𝗲𝘃𝗶𝘀𝗲𝗱, with new categories added for AI, digital platforms, and green economy businesses. If you're in tech or media, your section may have changed entirely.

Not sure what code fits your business? Drop us a message — we handle this regularly for our clients. 💼
👉 Link go.leftrightcorp.com/2025ssic for the full breakdown.