by admin | Sep 26, 2018 | Income Tax, Tech News
On 18 September 2018, the Inland Revenue Authority of Singapore 9IRAS) has updated a new ‘Application Form for Income Tax Advance Ruling’ and details of electronic payment for such process. From 1 Nov 2018, only electronic payment (Internet Banking Fund...
by admin | Sep 17, 2018 | Income Tax, Tech News
The CPF Top-up relief is given to encourage Singaporeans and Permanent Residents to set aside money either to top up in their own CPF Special/Retirement Account or those of family members for basic retirement needs. On 14 September 2018, the Minister for Finance makes...
by admin | Sep 12, 2018 | Income Tax, Tech News
On 10 September 2018, the Ministry of Finance has published the summary of responses to public consultation on the draft Income Tax (Amendment) Bill 2018, The Bill was tabled for its first reading at Parliament on 9 October 2018. The details on draft Bill proposed are...
by admin | Sep 2, 2018 | Income Tax, Tech News
On 31 August 2018, the Inland Revenue Authority of Singapore (IRAS) has updated the following withholding tax forms and templates on the S45 Offline Data Entry (ODE) for payers who want to prepare multiple records offline and then submit in bulk, together with User...
by admin | Aug 31, 2018 | Income Tax, Tech News
On 29 August 2018, the Court of Appeal (delivered by Tay Yong Kwang JA) has affirmed the Comptroller’s decision to deny interest deduction to taxpayer paid on a bond issued to its shareholders in the course of a capital reduction. The deduction was originally...
by admin | Aug 30, 2018 | Income Tax, Tech News
On 28 August 2018, a comprehensive Agreement for the Avoidance of Double Taxation (DTA) was signed between the Singapore and Gabonese Republic. The DTA stipulates the taxing rights of both jurisdictions on all forms of income flows arising from cross-border business...
