Sheltons Blog
Welcome to Sheltons Group’s blog page, keeping you informed and updated on latest industry trends and articles to grow your business.
ETL Global International Conference Rome 2024
ETL Global International Conference 2024 Ned Shelton, Ivan Zammit, Stef Oragano, Courtney Gleeson and Morten Kenhof were delighted to attend the ETL Global 2024 International Conference in Rome, on 09-11 October. The main theme of this year’s event was “Achieving Quality Together”. The event was a chance to exchange knowledge and experience, and to explore […] 14th October 2024 Read more >
Employees’ Right to Disconnect in Australia
Sheltons Group Legal – an Australian law firm based in London Understand Australia’s new Right to Disconnect Law Australian employees will now have the right to refuse, monitor, read or respond to contact (or attempted contact) outside working hours, unless it would be unreasonable for them to do so. These changes came into effect from […] 3rd September 2024 Read more >
Reforms to strengthen Australia’s investment framework
Sheltons Group Legal – an Australian law firm based in London Understanding the Proposed Changes to Australia’s Foreign Investment Framework Earlier this year, Australia’s Treasurer, Dr Jim Chalmers, announced significant changes to Australia’s foreign investment framework with an aim to enhance national security and economic resilience. Foreign businesses and investors planning to invest or establish […] 25th July 2024 Read more >
Australian minimum wage increases: 1 July 2024
Sheltons Group Legal – an Australian law firm based in London The Australian Fair Work Commission has determined that Australia-wide increases are to apply to the national minimum wage as well as to Modern Award minimum wages. The increases took effect from 1 July 2024. Each year, the Fair Work Commission (‘FWC’) makes an order […] 2nd July 2024 Read more >
XBRL – eXtensible Business Reporting Language
Singapore incorporated companies are required to file financial statements with the Accounting and Corporate Regulatory Authority (ACRA). There are some exemptions. Additionally, some companies will also be required to file eXtensible Business Reporting Language (XBRL) format financial statements with ACRA. There are four types of XBRL templates which can be used: Full XBRL Simplified […] 28th February 2024 Read more >
Goods and Services Tax (in Singapore) increase to 9% effective from 1 Jan 24
From 1 January 2024, the Goods and Services Tax (“GST”) in Singapore was increased from 8% to 9%. The GST rate chargeable on the supply will be the prevailing rate at the time of supply. The time of supply for most transactions is triggered by the earlier of the following two events: When payment is […] 14th February 2024 Read more >
Singapore tax treatment of gains from sale of foreign assets
With effect from 1 January 2024 Singapore will, under certain circumstances, treat gains from the sale or disposal of foreign assets as income chargeable to tax under Section 10L of the Income Tax Act. Prior to 1 January 2024, Singapore did not tax gains from the sale or disposal of assets that are capital in […] 26th January 2024 Read more >
The Register of Foreign Ownership of Australian Assets
Sheltons Group Legal – an Australian law firm based in London Investing in Australia? Know your obligations under the new Register of Foreign Ownership of Australian Assets From 1 July 2023, foreign investors have been required to notify the newly established Register of Foreign Ownership of Australian Assets (the Register) if they acquire interests in […] 23rd January 2024 Read more >
Personal income tax and residency – some basics (Singapore)
In Singapore, any income received from services provided or employment exercised within the country is taxable. This includes compensation received in the form of cash or non-cash benefits. Since the income is sourced in Singapore, it is subject to Singapore’s tax. Income tax is calculated on a preceding year basis. The amount of tax and […] 21st December 2023 Read more >
Goods and Services Tax (GST) – some basics (Singapore)
GST, also known as VAT, was introduced in Singapore on 1 April 1994 at the rate of 3%. This has progressively increased and currently it is at 8%. With effect from 1 January 2024, this will be increased to 9%. Only GST registered businesses can charge GST. GST can be broadly classified into two categories: […] 20th December 2023 Read more >
Audit requirements in Singapore
Singapore incorporated companies will be assessed on the requirement for audit based on the “small company concept”. A company qualifies as a “small company” if the following are met: It is a private company in the financial year in question and It meets at least two out of three of the following quantitative criteria Total annual […] 13th December 2023 Read more >
Setting up in Singapore – tax and legal comparisons
The legal system in Singapore and Australia is a common law system, ultimately inherited from England. However, the tax and legal differences between Singapore on the one hand, and the UK and Australia on the other, are often surprising to those in the UK and Australia setting up in Singapore. Here are a few examples. […] 5th December 2023 Read more >
ETL Global Conference Berlin 2023
Ned Shelton, Ivan Zammit, Stefano Oragano and Courtney Gleeson were thrilled to attend the ETL Global Conference 2023 in Berlin. Sheltons have been a proud member of ETL GLOBAL for many years and the conference in Berlin was a great way to see other members representing various professional firms from around the world. The main […] 29th November 2023 Read more >
Fourth Edition of the Bloomberg Country Tax Guide Malta
Sheltons Malta releases Fourth Edition of Bloomberg Country Tax Guide Malta: An essential resource for tax professionals and business owners The fourth edition of the prestigious Bloomberg Country Tax Guide Malta, prepared by Sheltons has been released. We cordially invite you to access the full publication through the following link: Country tax guide 2023 2023 […] 27th September 2023 Read more >
AU-UK FTA Seminar – Sheltons on the Panel
Courtney Gleeson, Principal Lawyer of Sheltons Group Legal, joined the panel for the Australia-United Kingdom Free Trade Agreement seminar organised by the Australia-United Kingdom Chamber of Commerce in London. The event, held on 06 September 2023, was an opportunity for insightful discussions, valuable networking and the exploration of key provisions for the benefit of Small and […] 11th September 2023 Read more >
Corporate compliance in Australia: a legal perspective
Sheltons Group Legal – an Australian law firm based in London Entering the Australian market is a different ballgame – when you compare the corporate requirements of your head office or company location to that of Australia, there are likely to be considerable differences in how a company is required to operate! Australian company law […] 7th August 2023 Read more >
‘Casual’ & ‘ongoing’ employment: the Australian distinction
Sheltons Group Legal – an Australian law firm based in London Under recently introduced legislation, ‘casual’ employees in Australia have been granted a right to request the conversion of their employment to an ‘ongoing’ or permanent position – subject to certain criteria. This enables employees to take advantage of more extensive entitlements that have previously […] 24th July 2023 Read more >