PDPA 2012: Singapore's Personal Data Protection Act governs the collection, use, disclosure, and retention of personal data. Key consideration for data retention periods and disposal methods.
Evidence Act: Determines admissibility of electronic records and documents in legal proceedings, affecting how records must be preserved.
Companies Act: Mandates retention of corporate documents, registers, and financial records. Some documents must be kept permanently.
Income Tax Act: Requires retention of tax-related documents and records for at least 5 years from the relevant Year of Assessment.
GST Act: Requires retention of GST-related records and invoices for at least 5 years.
Employment Act: Mandates retention of employment records for 2 years after employment termination, including salary records and employee data.
IRAS Requirements: Specific guidelines from Inland Revenue Authority of Singapore for tax document retention and accounting records.
MAS Guidelines: Monetary Authority of Singapore regulations affecting financial institutions, including specific retention periods for financial records.
SGX Requirements: Singapore Exchange requirements for listed companies regarding corporate records and disclosure documents.
Banking Sector Requirements: Additional retention requirements under Banking Act and regulations for financial institutions.
Healthcare Records Requirements: Specific retention periods for medical records and patient data in healthcare sector.
Professional Services Regulations: Industry-specific requirements for professional services firms regarding client data and engagement records.
GDPR Compliance: European Union's General Data Protection Regulation requirements if handling EU resident data.
ISO Standards: International standards for record keeping and information management systems.
International Accounting Standards: Requirements for retention of accounting records under international standards if applicable.
