by admin | Apr 2, 2026 | Accounting, Income Tax, Tech News
Section 92K of the Income Tax Act 1947 introduces a Listing Corporate Income Tax (CIT) Rebate to incentivise companies to raise public capital and expand economic activities in Singapore. Eligible entities may claim a rebate of either 10% or 20% of their CIT...
by admin | Apr 1, 2026 | Accounting, Income Tax, Tech News
This note summarizes the significant judicial developments from six key tax cases decided in 2025, covering capital allowances, the taxation of income from non-performing loans, employment income characterization, the Qualifying Debt Securities (QDS) scheme, the...
by admin | Apr 1, 2026 | Accounting, Income Tax, Tech News
Under Sections 23(4) and 37(12) of the Singapore Income Tax Act 1947, a company’s ability to carry forward or carry back unutilised trade losses, capital allowances, and donations is contingent upon meeting the continuity of ownership requirement. A waiver of this...
by admin | Mar 19, 2026 | Accounting, Auditing, Company Law, Goods and Services Tax, Income Tax, Tech News
This technical note outlines the significant measures introduced in Budget 2026, with a focus on corporate tax changes, incentives for innovation and internationalization, and the strategic emphasis on artificial intelligence (AI) adoption. 1. Corporate Tax Changes...
by admin | Mar 18, 2026 | Accounting, Auditing, Income Tax, Tech News
Following recent updates to Singapore’s transfer pricing (TP) framework and significant judicial outcomes in the region, we have consolidated the key developments and audit trends that multinational enterprises (MNEs) should be aware of. These insights cover the...
by admin | Mar 18, 2026 | Accounting, Auditing, Goods and Services Tax, Income Tax, Tech News
This technical note outlines the key tax changes and, incentive scheme enhancements, and transfer pricing developments arising from Singapore’s Budget 2026. 1. Direct Tax Rates Unchanged There are no changes to the prevailing tax rates: Corporate Income Tax (CIT): 17%...
