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 | 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...
by admin | Jan 1, 2020 | Income Tax, Tech News
The Singapore’s Deputy Prime Minister and Finance Minister Heng Swee Keat is to deliver Singapore’s 2020 Budget Statement in the Parliament on 18 February 2020. The budget speech will be live on television and radio, including via live webcast on the Singapore...
by admin | Jan 1, 2020 | Income Tax, Tech News
Singapore has participated in the negotiation of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”). The MLI is intended to allow jurisdictions...
by admin | Dec 31, 2019 | Income Tax, Tech News
On or about 31 December 2019, in line with Singapore’s commitment to implement the minimum standard on preventing treaty abuse, Singapore has participated in the negotiation of Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base...
