by admin | Dec 4, 2024 | Accounting, Income Tax, Tech News
In a significant clarification for debt markets, the Inland Revenue Authority of Singapore (IRAS) has issued an Advance Ruling Summary No. 9/2024, determining that specific fees paid during tender offers qualify for tax exemptions under the Qualifying Debt Securities...
by admin | Dec 4, 2024 | Accounting, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has issued a significant Advance Ruling Summary No. 8/2024, clarifying the conditions for tax exemption under Section 13W of the Income Tax Act 1947 (ITA) concerning gains from share disposals. This ruling provides...
by admin | Dec 3, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Singapore Ministry of Finance (MOF) has formally initiated its annual pre-budget consultation process, calling on stakeholders to submit proposals for the upcoming Budget 2025. With the Budget scheduled for presentation to Parliament in February 2025, the MOF is...
by admin | Dec 2, 2024 | Accounting, Income Tax, Tech News
Singapore and New Zealand have formalized a key mechanism for resolving tax treaty disputes through arbitration. The two nations signed a Memorandum of Arrangement (Arrangement) on 18 and 21 November 2024, detailing the implementation of mandatory binding arbitration...
