by admin | Feb 23, 2018 | Income Tax, Tech News
The Income Tax (Transfer Pricing Documentation) Rules 2018 (S 93/2018) made on 21 February 2018, outline the requirements under section 34F(3) of the Singapore Income Tax Act in preparing transfer pricing documentation by an applicable entity with a related party in a...
by admin | Feb 20, 2018 | Property Tax
The Finance Minister in his Budget Statement 2018 has announced changes to the tax rate for buyers stamp duty for acquisitions of residential properties in Singapore. The buyer’s stamp duty (BSD) is payable on the acquisition of immovable properties, based on...
by admin | Feb 20, 2018 | Goods and Services Tax, Tech News
IRAS is seeking public consultations with respect to taxing imported services by way of a reverse charge following the 2018 Budget announcement. It has issued the following two draft e-Tax guides: GST: Taxing imported services by way of reverse charge — This relates...
by admin | Feb 19, 2018 | Goods and Services Tax
The Finance Minister has announced in his 2018 Budget on 19 February 2018 that the government plans to increase the GST rate by 2%, from 7% to 9%, sometime in the periods of 2021 to 2025. The exact timing for the increase will depend on the state of the economy,...
by admin | Feb 6, 2018 | Accounting, Income Tax, Tech News
OVERVIEW OF FRS 109 Classification and Measurement of Financial Instruments (a) Financial assets are measured at their fair value at initial recognition, and subsequently measured at amortised cost (using the effective interest method), FVOCI or FVTPL. Fair value...
