by admin | Jan 13, 2020 | Company Law, Goods and Services Tax, Income Tax, Tech News
On or about 5 August 2019, the Variable Capital Companies (Miscellaneous Amendments) Bill was tabled in Parliament to introduce a tax framework for variable capital companies (VCCs) incorporated under the Variable Capital Companies Act 2018 (VCC Act). On or about 24...
by admin | Jan 8, 2020 | Goods and Services Tax, Tech News
On or about 8 January 2020, the Inland Revenue Authority of Singapore has updated its webpage regarding GST on imported services. GST is a tax on local consumption. Under the current GST rules, services (other than an exempt supply) supplied by a supplier who belongs...
by admin | Jan 7, 2020 | Goods and Services Tax, Tech News
On or about 7 January 2020, the Inland Revenue Authority of Singapore (IRAS) has updated its website with general tips and instructions on completing GST F5 Return. The instructions for filing GST F5 Returns are as follows: GST F5 Return has fifteen boxes the taxpayer...
by admin | Jan 7, 2020 | Goods and Services Tax, Tech News
On or about 7 January 2020, the Inland Revenue Authority of Singapore (IRAS) has introduced for GST returns ending on or after 1 January 2020 to include two new boxes (Box 14 and Box 15), arise from the implementation of Reverse Charge (RC) and Overseas Vendor...
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...
