Your company is turning a profit, the government requires you to report your financials. As a Singapore business owner, you understand the need of exact accounting for your business activities. Businesses all over the world must declare their financial performance through financial reporting. The format for financial reporting in Singapore is definitely different from other countries due to its low taxation rules. These formats vary from country to country, and each has its own set of regulations, principles, and conventions specific to the country’s political, legal, cultural, and economic surroundings.

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