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Singapore employers must report their employees’ remuneration in accordance with the country’s Income Tax Act. Unfortunately, reporting income is not always a straight-forward exercise, particularly when an employer has implemented comprehensive employee-compensation programmes.
What private sector businesses need to know about upcoming IR35 changes
These six major trends are shaping the industry.
Vistra specialises in helping companies conduct legal entity rationalisations. We know that in an era of unprecedented competition and economic headwinds, every company needs to promote efficiencies and reduce risks.
On 1 January 2020, the EU and UK began a 12-month Brexit transition period. The interval was designed to give both sides time to negotiate and conclude a free trade agreement.
The UK is in a Brexit transition period which will extend through 31 December 2020. Until then, negotiations over a new UK-EU trade deal are continuing, and the UK is effectively operating under EU rules.
Vistra recently launched its enhanced My Formations portal to help clients with entities in the British Virgin Islands manage risk and comply with relevant regulations by leveraging digital solutions. 
The ongoing digital revolution has accelerated this year as employers everywhere turn to remote working in response to the pandemic.