by admin | Sep 8, 2018 | Goods and Services Tax, Tech News
Qualifying funds may incur GST when the fund procures fund management service and other services from GST-registered businesses. All qualifying funds that are managed by a prescribed fund manager in Singapore are allowed to claim GST incurred on expenses at an annual...
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 | Sep 2, 2018 | Company Law, Tech News
On 31 August 2018, the Cybersecurity Act 2018 has came into operation of Parts 1 to 4, 6 and the First Schedule. This Act was passed by Parliament on 5 February 2018 and assented to by the President on 2 March 2018. It establishes a framework for the protection of...
by admin | Aug 31, 2018 | Accounting, Auditing, Company Law, Tech News
On 28 August 2018, the Accounting and Corporate Regulatory Authority (ACRA) has issued its First Audit Practice Bulletin (APB) for 2018 that highlights the legislative requirements and provides guidance for auditors on the audit procedures and report on the revised...
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...
