by admin | Nov 18, 2018 | Income Tax, Tech News
On 13 November 2018, Singapore has signed a Tax Information Exchange Agreement (TIEA) and a reciprocal Foreign Account Tax Compliance Act Model 1 Intergovernmental Agreement (reciprocal FATCA IGA) with the United States of America (USA). The TIEA will permit Singapore...
by admin | Nov 14, 2018 | Goods and Services Tax, Income Tax, Tech News
On 12 November 2018, the Income Tax (Amendment) Act 2018 was gazetted and published in the electronic gazette. These legislative amendments is to effect changes announced in Budget 2018: changes arising from the periodic review of the income tax system and changes to...
by admin | Nov 4, 2018 | Income Tax, Tech News
Applying for Certificate of Residence (COR)/ Tax Reclaim Form For the purpose of claiming tax benefits under the Avoidance of Double Taxation Agreements (DTAs), a Singapore tax resident company is required to obtain a Certificate of Residence (COR) in order to apply...
by admin | Oct 31, 2018 | Income Tax, Tech News
Income Tax (International Tax Compliance Agreements) (Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information) (Amendment No. 2) Order 2018 On 30 October 2018, the above Order is amended by inserting, immediately after the...
by admin | Oct 28, 2018 | Income Tax, Tech News
Introduction Singapore implement Country-by-Country Reporting (CbCR) under the Base Erosion and Profit Shifting (BEPS) Project for Singapore Multinational Enterprises (MNEs) groups from financial year (FY) beginning on or after 1 January 2017 that meet certain...
by admin | Oct 27, 2018 | Income Tax, Tech News
On 25 October 2018, the Inland Revenue Authority of Singapore (IRAS) has published that Singapore received the highest overall compliant rating a jurisdiction can receive that affirms its regime for exchange of information on request (EOIR). The rating was awarded by...
