by admin | Aug 12, 2021 | Accounting, Income Tax, Tech News
On or about 10 Aug 2021, the Ministry of Finance (MOF) has released the Inland Revenue Authority of Singapore (Assignment of Functions) (No. 2) Notification 2021 that comes into operation on 6 August 2021. From 6 August 2021, the Inland Revenue Authority of Singapore...
by admin | Aug 6, 2021 | Income Tax, Tech News
Certain payments may be subject to a reduced rate of withholding tax, or exempted from withholding tax, pursuant to relief provisions of the Income Tax Act or the Economic Expansion Incentives (Relief from Income Tax) Act (EEIA), or government policy. On or about 5...
by admin | Aug 6, 2021 | Accounting, Income Tax, Tech News
On or about 28 May 2021, the Minister for Finance (MOF) announced the RSS to support businesses with rental costs, as part of a package of support measures to help businesses tide over restrictions under Phase 2 (Heightened Alert) from 16 May to 13 June 2021. Small...
by admin | Aug 2, 2021 | Accounting, Income Tax, Tech News
On or about 30 Jul 2021, the Inland Revenue Authority of Singapore (IRAS) has updated the website content on Dormant Companies. A dormant company is one that does not carry on business and has no income for the whole of the basis period. From YA 2020, a dormant...
by admin | Jul 29, 2021 | Income Tax, Tech News
On or about 23 Jul 2021, the Ministry of Finance (MOF) has released the Income Tax (Transfer Pricing Documentation) (Amendment) Rules 2021 and come into operation on 29 July 2021. It update the list of routine support services exempted from the requirement to prepare...
by admin | Jul 28, 2021 | Accounting, Income Tax, Tech News
On or about 28 Jul 2021, the Inland Revenue Authority of Singapore (IRAS) has updated the content on Companies Applying for Strike off/ to Cease Registration. A company may apply to the Accounting and Corporate Regulatory Authority (ACRA) to strike its name off the...
