by admin | May 3, 2019 | Income Tax, Tech News
In line with Singapore’s commitment to implement the minimum standard on preventing treaty abuse, On or about 21 December 2018, Singapore has deposited the Multilateral Instrument (MLI) signed on 7 June 2017. The MLI took effect from 1 April 2019. The MLI...
by admin | Apr 23, 2019 | Income Tax, Tech News
On or about 22 April 2019, the Inland Revenue Authority of Singapore (IRAS) has commenced Common Reporting Standard (CRS) Return submission. All Reporting Singaporean Financial Institutions (SGFIs) must submit their Common Reporting Standard (CRS) returns, including...
by admin | Apr 18, 2019 | Income Tax, Tech News
On or about 15 April 2019, the Inland Revenue Authority of Singapore (IRAS) has updated its website that the Foreign Account Tax Compliance Act (FATCA) Paper Nil Return for Reporting Year 2018 can now be downloaded from the IRAS’s website. FATCA is a US law...
by admin | Apr 10, 2019 | Income Tax, Tech News
On or about 9 April 2019, the Inland Revenue Authority of Singapore (IRAS) has published the fourth edition of e-Tax Guide: Carry-Back Relief System. It replaces the third edition which was published on 2 April 2018. This e-Tax Guide aimed to provide details on the...
by admin | Apr 7, 2019 | Income Tax, Tech News
The following are updates to withholding tax: Interest and similar payments subject to withholding tax under s 45A The new s 12(6AA) provides that the reference to “interest” in s 12(6), in the case of an arrangement that is a finance lease of any machinery or plant...
by admin | Apr 6, 2019 | Income Tax, Tech News
On or about 4 April 2019, the Inland Revenue Authority of Singapore (IRAS) has published the second edition of e-Tax Guide: Corporate Income Tax – Objection and Appeal Process. It replaces the first edition which was published on 28 February 2013. This e-Tax Guide...
