by admin | Oct 30, 2017 | Income Tax, Tech News
The Income Tax (Amendment) Bill 2017 (the Bill) was first introduced in Parliament on 11 September 2017. It was read for the second time and passed in Parliament on 2 October 2017, and Gazetted (electronic edition) on 26 October 2017. The Income Tax (Amendment) Act...
by admin | Oct 19, 2017 | Income Tax, Tech News
The Forum on Harmful Tax Practices (FHTP) has on 16 October 2017 released a progress report on its assessment that Singapore’s tax incentives satisfy the international standards on countering harmful tax practices under the OECD/G20 BEPS project. In June 2016,...
by admin | Oct 18, 2017 | Income Tax, Tech News
IRAS has published an e-Tax Guide — Avoidance of Double Taxation Agreements (DTAs) on 11 October 2017, a guidance on the interpretation and application of Singapore’s DTAs. As Singapore is not a member of OECD, although the OECD Model Tax Convention and the UN Model...
by admin | Oct 13, 2017 | Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has published an e-Tax Guide, Income Tax: Avoidance of Double Taxation Agreements (DTAs) that provides taxpayers with guidance on: The interpretation and application of Singapore’s DTAs, and The mutual agreement...
by admin | Oct 11, 2017 | Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has clarified where the Singapore branch of a foreign company ceases to have a place of business or to carry on business in Singapore, it must inform IRAS in writing. Section 377(1) of the Singapore Companies Act...
by admin | Oct 11, 2017 | Income Tax, Tech News
Foreign income earned by a Singapore resident company may subject to tax twice. Foreign Tax Credit (FTC) in the forms of a Double Tax Relief (DTR) or an Unilateral Tax Credit (UTR) provide Singapore resident company ways to avoid paying twice the tax on the same...
