Tax Agreement with Tunisia Enters into Force

On or about 17 December 2019, Singapore and the Republic of Tunisia has signed the Avoidance of Double Taxation Agreement (DTA). The DTA between Singapore and Tunisia is expected to: clarify the taxing rights of both countries on all forms of income flows arising from...

Business and IPC Partnership Scheme (BIPS)

On or about 13 December 2019, the Inland Revenue Authority of Singapore (IRAS) has updated on its website regarding Business and IPC Partnership Scheme (BIPS), a scheme to encourage corporate volunteerism, under which businesses may claim 250% tax deduction on...