A Leg-Up for Businesses – Budget 2020

On or about 7 February 2020, the Second Minister for Finance and Education Indranee Rajah said in a radio interview that Budget 2020 will be “comprehensive”, with “assurance and support” to those families and households affected by the novel coronavirus outbreak. Ms...

Top concerns for Budget 2020

The findings from REACH (the government feedback unit) and the People’s Association (PA) on 5 February 2020 revealed that worries over climate change and the looming goods and services tax (GST) hike were also among the key concerns for the public with regards to...

Singapore and Indonesia Sign an Updated DTA

On or about 4 February 2020, an Agreement for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (DTA) was signed between Singapore and Indonesia. The present DTA between the two countries has been in...

IRAS updates information on Tax Filing for YA 2020

It was noted that the income tax filing for the Year of Assessment (YA) 2020 begins on 1 March 2020. The Inland Revenue Authority of Singapore (IRAS) has illustrated an “All You Need To Know” guideline clarifying various questions on tax returns. The IRAS details the...