by admin | Nov 29, 2024 | Accounting, Income Tax, Tech News
In a significant move towards enhanced tax transparency for crypto assets, Singapore has formally signed two key international agreements administered by the Organisation for Economic Co-operation and Development (OECD). The Inland Revenue Authority of Singapore...
by admin | Nov 29, 2024 | Accounting, Income Tax, Tech News
Significant amendments to Singapore’s income tax framework are now law following the Presidential assent of the Income Tax (Amendment) Act 2024 on 8 November 2024. The Act was officially published in the Government Gazette on 27 November 2024. The legislation...
by admin | Nov 29, 2024 | Accounting, Income Tax, Tech News
Singapore has formally enacted the Multinational Enterprise (Minimum Tax) Act 2024, marking a significant step in implementing the global tax agreement targeting large multinational corporations. President Tharman Shanmugaratnam assented to the legislation on 8...
by admin | Nov 25, 2024 | Accounting, Income Tax, Tech News
Qualifying shipping entities (QSEs) operating under key Singapore maritime incentive schemes now have the option to be taxed under a newly introduced Alternative Net Tonnage Tax (NTT) regime. This significant tax policy shift, initially announced in Tax Budget 2024,...
by admin | Nov 23, 2024 | Accounting, Property Tax, Tech News
In a ruling underscoring the strict application of statutory deadlines for property tax appeals, the Valuation Review Board (VRB) has refused to permit a late appeal filed by property owner Andreas Handayanto, dismissing his request for discretionary relief. Case...
