by admin | Sep 12, 2018 | Stamp Duties, Tech News
On 10 September 2018, the Stamp Duties (Amendment) Bill 2018 was read for the second time by the Second Minister for Finance, Mr. Lawrence Wong at the Parliament. The amendments proposed are as follows: To provide for stamp duty to be levied on electronic records that...
by admin | Sep 12, 2018 | Income Tax, Tech News
On 10 September 2018, the Ministry of Finance has published the summary of responses to public consultation on the draft Income Tax (Amendment) Bill 2018, The Bill was tabled for its first reading at Parliament on 9 October 2018. The details on draft Bill proposed are...
by admin | Sep 8, 2018 | Goods and Services Tax, Tech News
Qualifying funds may incur GST when the fund procures fund management service and other services from GST-registered businesses. All qualifying funds that are managed by a prescribed fund manager in Singapore are allowed to claim GST incurred on expenses at an annual...
by admin | Sep 2, 2018 | Income Tax, Tech News
On 31 August 2018, the Inland Revenue Authority of Singapore (IRAS) has updated the following withholding tax forms and templates on the S45 Offline Data Entry (ODE) for payers who want to prepare multiple records offline and then submit in bulk, together with User...
by admin | Sep 2, 2018 | Company Law, Tech News
On 31 August 2018, the Cybersecurity Act 2018 has came into operation of Parts 1 to 4, 6 and the First Schedule. This Act was passed by Parliament on 5 February 2018 and assented to by the President on 2 March 2018. It establishes a framework for the protection of...
