ThinkSME Blogs

Welcome to our blog postings. We’ll share more information and resources on what your company needs in order to succeed and flourish.

singapore businessmen

How Singapore’s Budget Helps SMEs Scale and Compete Globally

Turning Budget Measures Into Real Growth for Your SME 2026 Singapore’s Budget is not just a headline on tax and levies; it is a practical toolkit that shapes how small and medium enterprises scale, digitalise and go abroad. For owners and finance leaders, the real value lies in understanding how

IRAS Tax Compliance

Understanding IRAS Tax Compliance for SMES in Singapore

Why IRAS Tax Compliance Matters for SMEs in Singapore IRAS tax compliance in Singapore is not just an annual chore; it is a core part of running a healthy, sustainable SME. Filing correctly and on time protects you from penalties, interest, and unnecessary stress, and it also gives you a

MRA Grant in Singapore

Eligibility Criteria for the MRA Grant in Singapore: Who Qualifies and How to Apply

Eligibility Criteria for the MRA Grant in Singapore: Who Qualifies and How to Apply Expanding into international markets is a significant milestone for any business. Recognizing this, the Singapore government, through Enterprise Singapore, offers the MRA Grant in Singapore to support Small and Medium Enterprises (SMEs) in their overseas expansion

GST Guidelines 2025

GST Price Display Guidelines 2025: Stay Compliant and Avoid Fines in Singapore

GST Price Display Guidelines 2025: Stay Compliant and Avoid Fines in Singapore Why GST Price Display Compliance Matters If you’re a GST-registered business in Singapore, it’s mandatory to display GST-inclusive prices to the public. This rule, enforced by IRAS (Inland Revenue Authority of Singapore), applies to everything from physical menus

Company Training Committee

Unlock Business & Workforce Transformation with the NTUC Company Training Committee (CTC) Grant

Unlock Business & Workforce Transformation with the NTUC Company Training Committee (CTC) Grant In a rapidly evolving economy, businesses need to stay competitive and resilient while supporting their employees’ growth and development. The Company Training Committee (CTC) Grant, spearheaded by NTUC’s Employment and Employability Institute (e2i), offers a unique solution

Think SME

Striking Off a Company in Singapore: A Step-by-Step Guide

Striking Off a Company in Singapore: A Step-by-Step Guide What Does Striking Off a Company Mean? Striking off a company means officially removing it from the Accounting and Corporate Regulatory Authority (ACRA) register. Once approved, the company ceases to exist legally. Eligibility Criteria for Striking Off a Company To apply

XBRL Filing

Understanding XBRL Filing for your Company in Singapore

Understanding XBRL Filing for your Company in Singapore XBRL (eXtensible Business Reporting Language) is a structured format used for the electronic exchange of financial information. In Singapore, the Accounting and Corporate Regulatory Authority (ACRA) enforces XBRL filing regulations, making it mandatory for most incorporated companies to submit financial statements in

GST for my Company

Do I Need to Register GST for my Company in Singapore?

Do I Need to Register GST for my Company in Singapore? Goods and Services Tax (GST) is a consumption tax levied on the supply of goods and services in Singapore. Businesses that meet certain criteria are required to register for GST and charge it on their taxable supplies. In this

Accounting and Corporate Regulatory Authority

Is It Mandatory for My Company to File Annual Return?

Is It Mandatory for My Company to File Annual Return? What Is an Annual Return? An annual return (AR) is a mandatory report filed with the Accounting and Corporate Regulatory Authority (ACRA) . It provides critical information about your company, such as its officers, registered address, and financial details. Filing