by admin | Dec 5, 2019 | Goods and Services Tax, Tech News
From 1 January 2020, a non-GST registered business would be liable for GST registration by virtue of the reverse charge rules under the following circumstances: the value of imported services made by the business which fall within the scope of reverse charge exceeds...
by admin | Dec 4, 2019 | Income Tax, Tech News
On or about 4 December 2019, the Inland Revenue Authority of Singapore (IRAS) updated the following forms on its website: Claim for Relief from Singapore Income Tax Under Avoidance of Double Taxation Agreement 1d: Tax Treaty Calculator for Non-Resident Professionals...
by admin | Dec 4, 2019 | Accounting, Tech News
On or about 4 December 2019, the Accounting Standards Council (ASC) has issued Amendments to SFRS(I) 9, SFRS(I) 1-39 and SFRS(I) 7: Interest Rate Benchmark Reform and Amendments to FRS 109, FRS 39 and FRS 107: Interest Rate Benchmark Reform, effective for annual...
by admin | Dec 2, 2019 | Income Tax, Tech News
Ahead of the Budget 2020 scheduled for February next year, the government has invited the public to offer their views and suggestions. Booths and kiosks in more than 20 locations have been set up to for this purpose. The Ministry of Finance (MOF), government feedback...
by admin | Dec 2, 2019 | Income Tax, Tech News
On or about 2 December 2019, the Second Minister for Finance Indranee Rajah in an interview with CNA938’s morning show Asia First talked about the upcoming budget addressing Singapore’s current needs, as well as position for the future. She commented on the impact on...
by admin | Dec 2, 2019 | Income Tax, Tech News
On or about 2 December 2019, the Income Tax Act — Income Tax (Deduction for Expenditure for Services or Secondment to Institutions of a Public Character) Rules 2019 was updated on the Government Gazette. The rules are the Income Tax (Deduction for Expenditure for...
