What Are the Legal Requirements of Accounting in Singapore?

In Singapore, accounting is governed by the Financial Reporting Standards (FRS) and the Companies Act. Businesses must maintain accurate financial records, prepare annual financial statements, and comply with auditing requirements. Companies also need to file tax returns and adhere to the Goods and Services Tax (GST) regulations.
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What Are the Legal Requirements of Accounting in Singapore? - Lets Blog

Discover the key legal requirements for accounting in Singapore, including compliance, record-keeping, and tax obligations for businesses of all sizes.