by admin | Jun 4, 2024 | Accounting, Company Law, Goods and Services Tax, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has confirmed that Variable Capital Companies (VCCs) are eligible for the Corporate Income Tax (CIT) rebate measures announced in Budget 2024, provided they meet specific criteria. This update, alongside important...
by admin | May 27, 2024 | Accounting, Company Law, Income Tax, Tech News
For a Corporate Secretarial Provider (CSP), managing a VCC demands specialized expertise focused on its unique capital flexibility, complex sub-fund architecture, stringent financial reporting/audit regime, and dynamic regulatory environment. Success requires...
by admin | Jan 8, 2022 | Company Law, Goods and Services Tax, Income Tax, Property Tax, Stamp Duties, Tech News
On or about 31 Dec 2021, under s 10 of the Revised Edition of the Laws Act 1983, the Law Revision Commission has published a revised edition of the following Acts: Companies Act 1967Economic Expansion Incentives (Relief from Income Tax) Act 1967Estate Duty Act...
by admin | Mar 13, 2021 | Company Law, Income Tax, Stamp Duties, Tech News
On or about 10 Mar 2021, the Inland Revenue Authority of Singapore (IRAS) has published the third edition of the e-Tax Guide on Income Tax Treatment of a Trust registered under the Business Trusts Act. It replaces the second edition published on 8 Jan 2019. This e-Tax...
by admin | Feb 17, 2021 | Company Law, Tech News
Extend the Year of Assessment (“YA”) 2020 enhancements to the carry-back relief scheme The enhancements to the carry-back relief scheme for YA2020 will be extended to apply to qualifying deductions for YA2021, with the same parameters. With this extension, the...
by admin | Sep 30, 2020 | Auditing, Company Law, Ethics, Tech News
On or about 23 September 2020, the International Federation of Accountants (IFAC) and the Institute of Chartered Accountants in England and Wales released the first segment of the Anti-Money Laundering, The Basics educational series. Instalment 1: Introduction to...
