New repayment scheme in Singapore to help borrowers pay off unsecured debts

A new repayment scheme that aims to help over-indebted customers repay unsecured loans from facilities like credit cards, personal loans and overdrafts will be launched next Monday (Jan 23). Under the new scheme, a customer can consolidate all his/her unsecured credit balances across the 14 banks with just one institution. This means that the bank…

read more

Corporate taxation and Employers’ Mandatory Contributions in Korea

By Joseph Zoh Tax and Financial Services Expert in Korea, in partnership with CEO SUITE for clients’ tax and financial requirements. 1. Corporate Income Tax (11% / 22% / 24.2%) Rates are accumulated for up to EBT (Earnings Before Tax) of 0.2 billion Korean Won at 11%, at 22% if it is less than…

read more