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We wish to remind all Singapore resident and non-resident individuals who have earned income in Singapore during the 2011 calendar year that the deadline for filing personal income tax returns is April 15, 2012 for returns that are filed by mail and 18 April, 2012 for returns that are filed online.
Angel investors are an important source of capital for early stage companies. The Singapore government has introduced the Angel Investors Tax Deduction Scheme in a bid to attract business angels to invest their time and resources in promising Singapore-based start-ups.
Taking cognizance of the vital role played by recruitment firms in Singapore, the Ministry of Manpower plans to enhance the regulatory framework for employment agencies, effective April 2011.
The recently released “Regulatory Overkill” report by the Political and Economic Risk Consultancy (PERC) shows that Singapore has the second best regulatory environment in Asia.
Singapore has stepped up efforts to enhance its IP regime and is all set to emerge as Asia’s IP hub.
In a move to further liberalize its legal sector, the Singapore authorities have proposed to ease the entry requirements for foreign lawyers to practise corporate law in the city-state.