by admin | Jan 2, 2020 | Employment, Income Tax, Tech News
Around 930,000 Singaporean households living in Housing Board flats will receive a GST (goods and services tax) Voucher to offset part of their utility bills this month. On or about 2 January 2020, the Ministry of Finance (MOF) stated that the households will receive...
by admin | Jan 2, 2020 | Income Tax, Tech News
On or about 2 January 2020, the Inland Revenue Authority of Singapore (IRAS) has updated content on transfer pricing. The IRAS has updated the indicative margin which taxpayers can apply on each related party loan not exceeding S$15 million during the period from 1...
by admin | Jan 2, 2020 | Goods and Services Tax, Tech News
On or about 2 January 2020, the Inland Revenue Authority of Singapore (IRAS) has published the tenth edition of the Assisted Self-Help Kit (ASK) Annual Review Guide. The revised guide incorporates the following amendments: consequential changes for the implementation...
by admin | Jan 2, 2020 | Goods and Services Tax, Tech News
From 1 January 2020, GST will apply to digital services purchased by consumers in Singapore from GST-registered overseas service providers. This was announced in Budget 2018 and it intends to achieve a level playing field in GST treatment for services either procured...
by admin | Jan 2, 2020 | Accounting, Income Tax, Tech News
On or about 2 January 2020, the Inland Revenue Authority of Singapore (IRAS) has updated information on taxation for construction companies and added a new section that sets out common scenarios of income and expense items, and the corresponding tax treatment to...
