by admin | Jan 13, 2020 | Company Law, Goods and Services Tax, Income Tax, Tech News
On or about 5 August 2019, the Variable Capital Companies (Miscellaneous Amendments) Bill was tabled in Parliament to introduce a tax framework for variable capital companies (VCCs) incorporated under the Variable Capital Companies Act 2018 (VCC Act). On or about 24...
by admin | Jan 13, 2020 | Income Tax, Tech News
Robin Hood tax may be implemented to have higher taxes for successful businesses and individuals, however, it may not be a good idea in the case for Singapore. (Populist policies will lead to higher taxes: DBS Chief, Jan 10). Raising taxes will just move them to other...
by admin | Jan 9, 2020 | Income Tax, Tech News
On or about 2 January 2020, the Inland Revenue Authority of Singapore (IRAS) has launched a new initiative for tax agents be authorised by their individual clients to access their income tax matters via myTax Portal. Under the new initiative from 15 March 2019, a tax...
by admin | Jan 8, 2020 | Goods and Services Tax, Tech News
On or about 8 January 2020, the Inland Revenue Authority of Singapore has updated its webpage regarding GST on imported services. GST is a tax on local consumption. Under the current GST rules, services (other than an exempt supply) supplied by a supplier who belongs...
by admin | Jan 7, 2020 | Goods and Services Tax, Tech News
On or about 7 January 2020, the Inland Revenue Authority of Singapore (IRAS) has updated its website with general tips and instructions on completing GST F5 Return. The instructions for filing GST F5 Returns are as follows: GST F5 Return has fifteen boxes the taxpayer...
