by admin | Nov 18, 2018 | Income Tax, Tech News
On 13 November 2018, Singapore has signed a Tax Information Exchange Agreement (TIEA) and a reciprocal Foreign Account Tax Compliance Act Model 1 Intergovernmental Agreement (reciprocal FATCA IGA) with the United States of America (USA). The TIEA will permit Singapore...
by admin | Nov 14, 2018 | Goods and Services Tax, Income Tax, Tech News
On 12 November 2018, the Income Tax (Amendment) Act 2018 was gazetted and published in the electronic gazette. These legislative amendments is to effect changes announced in Budget 2018: changes arising from the periodic review of the income tax system and changes to...
by admin | Nov 4, 2018 | Income Tax, Tech News
Applying for Certificate of Residence (COR)/ Tax Reclaim Form For the purpose of claiming tax benefits under the Avoidance of Double Taxation Agreements (DTAs), a Singapore tax resident company is required to obtain a Certificate of Residence (COR) in order to apply...
by admin | Nov 3, 2018 | Goods and Services Tax, Tech News
On 1 November 2018, the Inland Revenue Authority of Singapore (IRAS) has updated the following IRAS e-Tax Guide(s) on GST on information involving hand-carried goods under relating to the Hand-Carried Exports Scheme (HCES). The following summarises these updates and...
by admin | Nov 2, 2018 | Goods and Services Tax, Tech News
From April 2020, the Britain will introduce a new 2% digital services tax aimed at tech giants, as announced by the British finance minster, Chancellor of the Exchequer Philip Hammond, during his Autumn 2018 budget presentation in London on 29 October 2018. The new...
by admin | Oct 31, 2018 | Income Tax, Tech News
Income Tax (International Tax Compliance Agreements) (Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information) (Amendment No. 2) Order 2018 On 30 October 2018, the above Order is amended by inserting, immediately after the...
