by admin | Jan 13, 2020 | Company Law, Goods and Services Tax, Income Tax, Tech News
On or about 5 August 2019, the Variable Capital Companies (Miscellaneous Amendments) Bill was tabled in Parliament to introduce a tax framework for variable capital companies (VCCs) incorporated under the Variable Capital Companies Act 2018 (VCC Act). On or about 24...
by admin | Jan 13, 2020 | Income Tax, Tech News
Robin Hood tax may be implemented to have higher taxes for successful businesses and individuals, however, it may not be a good idea in the case for Singapore. (Populist policies will lead to higher taxes: DBS Chief, Jan 10). Raising taxes will just move them to other...
by admin | Jan 9, 2020 | Income Tax, Tech News
On or about 2 January 2020, the Inland Revenue Authority of Singapore (IRAS) has launched a new initiative for tax agents be authorised by their individual clients to access their income tax matters via myTax Portal. Under the new initiative from 15 March 2019, a tax...
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...
