Archive for January 19th, 2012

• Rikvin Consulting Lauds New Book on Singapore’s tax system and credit system of Singapore’s economic boom

  Date: 2012.01.19 | Category: Cpf Singapore | Response: 0

  
  Singapore (PRWEB) July 15, 2011

  Rikvins comments came away from the launch of the book, Law and Practice of Singapore income tax “, 24 June, President SR Nathan at the House proceeds. The book is a product of the first joint of the tax public between public and private sectors. The book is made up of 39 writers and editors who are from the accounting, auditing and legal fields, as well as IRAS. The book is intended for practitioners, therefore, discussed in detail the nuances of tax law and practice.

  Satish Bakhda consulting Rikvin, which also provides tax consultancy, said that we welcome the authoritative treatise on the subject, which will benefit to practitioners, we firmly believe that the book will continue to deal with the subject in width and depth in a future release. At Rikvin, we also started to upload resume on the Singapore tax, as it is more ready reckoner is aimed at beginning readers, and entrepreneurs who need quick information about the tax regime and recent developments. We received good feedback and response from our visitors and our customers, so we do not doubt that at the professional level of practice will benefit from a new book, and it will soon become the industry required

  
  Further developments on

  tax regime in Singapore, he said Singapore headline corporate tax rate, which was 26% at the beginning of the new millennium, has fallen by more than 34% and currently remains at 17% since 2010. Singapore has an active and dynamic approach if it fixes the taxes, it made it very attractive for investment purposes and including mode also provides a safe working environment for small businesses as well. New engines of growth, such as the integrated resorts have become possible because of favorable tax treatment as, financial sector companies have been able to maintain growth of chalk and hard times of the special incentives that made them. The Government recognizes the existing crisis facing startups, therefore, has special programs to promote growth of the company by facilitating cash flow hiccups. It is this holistic approach, which leads to an increase in Singapore’s reputation as a center enterprise

  Singapore – its reputation as the true pro-enterprise regime – constantly reviewing and changing its tax structure to maintain its competitiveness in the region. As of 2010, the average Asia Pacific corporate tax rate is 27% and Singapore third lowest corporate tax rate after Macau and Hong Kong.

  Special exemptions are in place to help the growth of small and medium-sized enterprises and promote the growth of enterprises. For a S $ 300,000 of taxable profits, companies pay only 8.5%. This is a great privilege to small companies. Qualifying start-ups in the first three years of registration, use the full exemption from the first S $ 100,000 profit and only 8.5% tax applies to income between S $ 100,001 S $ 300,000. This exemption encourages the entrepreneurial spirit, and makes the city-state is particularly attractive for a number of international companies and foreign businessmen, who believe it is the right place to set up subsidiaries .????

  Singapore next local tax policy, in which only the income received in Singapore or received in Singapore, subject to local taxes. Since June 2003, foreign source dividends, branch profits and services income received in Singapore is exempt from tax, provided the proceeds were sent from the countries with the headline tax rate of at least 15%, and profit was inclined to one or another form of tax in a foreign country. Singapore is also the next sibling of taxation policy, under which dividends received by shareholders are not subject to taxation. Capital gains or losses are not taxable or deductible in Singapore.

  In order to become a flourishing business center of government extends various industry tax breaks. The purpose of these incentives is to develop and support braces and a balanced ecosystem of businesses while attracting foreign investment. Singapore also aims to become a regional base for international companies, thus, is the headquarters of the scheme in place that allows reduced tax rate of 10% -15% on chargeable income of qualifying companies that have established their regional or international headquarters activities Singapore.

  efforts to promote Singapore companies to expand across borders, and the avoidance of double taxation of transactions (DTA) plays a significant role in this matter, freeing the company from the double tax burden. Singapore concluded a DTA with more than 60 countries and continues to expand its treaty network.

  In 2011, the budget, contrary to expectations slashed headline corporate tax rate, the government retained title to the corporate tax rate of 17%, but a one-time tax credit of 20% of the tax payable amount of $ 10,000 per year Assessment (YA) 2011 has been expanded to facilitate the inflationary pressures on the company. Small companies, which have contributed to the RPM of last year, but had little or no tax liability has been extended grant small and medium businesses in the presence of 5% of their income in YA2011, taking into account the cap of $ 5,000.

  In order to enhance productivity and innovation for companies to continue long-term growth strategy, capitalizing facilitate the flow of funds, the Government introduced Performance and Innovation Credit (PIC) in 2010. Further improvements were made to the scheme in 2011 budget. Extended scheme provides for a pass tax deductions of 400% (compared to the previous 250%) for the first S $ 400,000 (compared to S $ 300 000) conducted for each of the qualifying events. In the case of small companies, it provides the conversion of cash, where cash payment of 30% can be obtained for business for the first S $ 100,000 of qualifying expenses instead of a tax deduction.

  Satish Bakhda says Singapore to respond to global economic changes, rather than simply reducing tax rates, the government intends to push companies to be competitive, encouraging innovation and productivity. Tax structure also encourages the entrepreneurial spirit that brings a more productive economic spin-offs, thus enhancing and strengthening the country image as a hub business

  
  About

  Rikvin.com:

  Rikvin proposes the formation of a company in Singapore and the inclusion of services for businesses worldwide. Established in 1998, Rikvin specializes in Singapore company registration, employment Pass, EntrePass and related corporate services.

  Rikvin Pte. Ltd
  
  20 Cecil Street, # 14/01, justice Plaza, Singapore 049 705
  
  Main Line: (65) 6438 8887
  
  Website: http://www.rikvin.com/

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• Razorfish announces first-ever retail experience platform

  Date: 2012.01.19 | Category: Hotel Singapore | Response: 0

  
  New York, NY (PRWEB) January 17, 2012

  In connection with the launch of the National Retail Federation (NRF)-conference in New York, Razorfish announced the first ever retail experience platform, codenamed 5D. Available immediately as a beta version, the platform allows you to create an exciting and seamless digital ecosystems in several digital devices at retail outlets. Razorfish demonstrates this Beta product, which is based on the platform Windows Embedded, Microsoft # on stand 1337 at this week’s Federal Tax Service.

  5D platform connects digital devices such as kiosks, large displays, tablets, and personal smartphones to better attract customers into the store, bringing the product disc and tie the hands of a store with more contextual digital devices.

  digital retail has become a point where multiple digital devices that need to be integrated into a digital strategy in the store, including basic digital device, mobile phone users, and in many cases, the pills are used around the store. At the same time, it is important that the context of consumer travel easily share content and data using these tools to maximize customer interaction and multi-channel sales, said Shannon Denton, president of Razorfish and executive practice ahead Razorfishs multichannel commerce.

  
  According to Denton

  because consumers do not store partners to interact with digital devices in the store, 5D platform automatically moves the appropriate content and data using a variety of devices, creating a personalized user experience that consumers remember much travel and the products that they do.

  Adds Denton, Thus, if the consumer doesn buy goods while in the store, product information is stored on your mobile phone, and it is available for purchase at any time via a convenient one-click process.

  platform 5D is the next iteration of the Framework touch Razorfish. The first launched in 2009 to quickly create a very exciting digital experience in the retail environment on large displays with touch screen.

  Furthermore, the inclusion of multiple devices, digital ecosystems, 5D also includes support for multiple user interaction, including touch and gesture-based metaphor through Microsoft Kinect for Windows, said Jonathan Hull, vice president of work experience in at Razorfish. We will be adding support for voice control in the near future, said Hull .????

  5D also includes several other modules, such as intelligence dashboard, content management tools and a large library of API to connect to the store to experience withdrawal, social platforms, e-commerce and other third party environments.

  5D Retail Platform Experience is another news from Razorfish accumulated practical experience, which was founded in 2009 in R & D and innovation center for Razorfish.

  About Razorfish
  
  Razorfish creates experiences that build business. As one of the largest interactive marketing and technology companies in the world, Razorfish helps its clients build better brands, providing business results at the expense of the consumer experience. Razorfish combines the best of thought leadership consulting world with the leading industry opportunities of marketing services to support our clients’ business needs, such as new product launches, brand repositioning, or participation in the social world. With the demonstrated commitment to innovation, Razorfish continued to develop our expertise in social marketing impact, new media, creative design, analytics, technology and user experience. Razorfish has offices in markets in the United States and in Australia, Brazil, China, France, Germany, Japan, Spain, Singapore and the UK. Among the clients of Carnival Cruise Lines, MillerCoors, McDonalds and Starwood Hotels. With sister agencies Starcom MediaVest, ZenithOptimedia, Denuo and Digitas, Razorfish is part of the Publicis Groupes (Euronext Paris: FR0000130577) VivaKi, global digital knowledge and resource center. Visit http://www.razorfish.com for more information. Follow Razorfish on Twitter @ Razorfish.

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