by admin | Dec 9, 2019 | Goods and Services Tax, Tech News
From 1 January 2020, a consumer in Singapore will need to pay GST on digital services purchased from GST-registered overseas service providers. Currently, only locally procured services are subject to GST, while services procured from overseas are not. The change is...
by admin | Dec 9, 2019 | Goods and Services Tax, Tech News
IRAS stated that more than 100 overseas digital service providers have registered for goods and services tax (GST), ahead of GST imported digital services kicking in on 1 January 2020. Digital services are those provided over the Internet or an electronic network such...
by admin | Dec 5, 2019 | Goods and Services Tax, Tech News
From 1 January 2020, a non-GST registered business would be liable for GST registration by virtue of the reverse charge rules under the following circumstances: the value of imported services made by the business which fall within the scope of reverse charge exceeds...
by admin | Dec 4, 2019 | Income Tax, Tech News
On or about 4 December 2019, the Inland Revenue Authority of Singapore (IRAS) updated the following forms on its website: Claim for Relief from Singapore Income Tax Under Avoidance of Double Taxation Agreement 1d: Tax Treaty Calculator for Non-Resident Professionals...
by admin | Dec 4, 2019 | Accounting, Tech News
On or about 4 December 2019, the Accounting Standards Council (ASC) has issued Amendments to SFRS(I) 9, SFRS(I) 1-39 and SFRS(I) 7: Interest Rate Benchmark Reform and Amendments to FRS 109, FRS 39 and FRS 107: Interest Rate Benchmark Reform, effective for annual...
