by admin | Aug 6, 2019 | Employment, Income Tax, Tech News
On or about 6 August 2019, the Inland Revenue Authority of Singapore (IRAS) has assessed that the administrative concession which allows Singaporeans to opt to be assessed as non-residents for tax purposes is no longer relevant in furthering its objective of removing...
by admin | Aug 5, 2019 | Income Tax, Tech News
On or about 5 August 2019, the Inland Revenue Authority of Singapore (IRAS) has updated the content in its website on determining the tax residence of foreign-owned investment holding companies. A company is either a tax resident or a non-resident of Singapore. In...
by admin | Aug 1, 2019 | Income Tax, Tech News
On or about 1 August 2019. the Government Gazette has published the Income Tax (Exemption of Workfare Bicentennial Bonus) Notification 2019. The Minister of Finance has made the following notification: Cash payment made by the Government to an individual under the...
by admin | Aug 1, 2019 | Income Tax, Tech News
Singapore has participated in the negotiation of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”). The MLI is intended to allow jurisdictions...
by admin | Jul 29, 2019 | Accounting, Income Tax, Tech News
On or about 29 July 2019, the Inland Revenue Authority of Singapore (IRAS) has published a new Common Reporting Standard (CRS) compliance section on their website stating that Financial Institutions (FIs) must comply with the CRS Regulations in Singapore. Reporting...
by admin | Jul 29, 2019 | Income Tax, Tech News
As announced in Budget 2016, companies are required to e-File their Corporate Income Tax returns (including Estimated Chargeable Income (ECI), Form C and Form C-S) in a phased approach from Year of Assessments (YAs) 2018 to 2020. From YA 2020 onward, all companies are...
