by admin | Mar 9, 2018 | Goods and Services Tax, Tech News
The Finance Minister has announced in his 2018 Budget that goods and services tax (GST) on imported services will be introduced from 1 January 2020. When this is effective, reverse charge supplies would also count when considering whether the taxable turnover of the...
by admin | Mar 9, 2018 | Accounting, Tech News
On 9 March 2018, the International Financial Reporting Standards (IFRS) staff has presented a webcast on IFRS 17 Insurance Contracts that provides a basic overview of recognising the contractual service margin in profit or loss. This webcast is part of a webcast...
by admin | Mar 6, 2018 | Income Tax, Tech News
The DTAs, Limited Treaties and EOI Arrangements concluded by Singapore are available in PDF at the IRAS website. The agreements which are signed do not have the force of law has yet ratified. Singapore signed the OECD Convention on Mutual Administrative Assistance in...
by admin | Feb 23, 2018 | Income Tax, Tech News
The Income Tax (Transfer Pricing Documentation) Rules 2018 (S 93/2018) made on 21 February 2018, outline the requirements under section 34F(3) of the Singapore Income Tax Act in preparing transfer pricing documentation by an applicable entity with a related party in a...
by admin | Feb 20, 2018 | Property Tax
The Finance Minister in his Budget Statement 2018 has announced changes to the tax rate for buyers stamp duty for acquisitions of residential properties in Singapore. The buyer’s stamp duty (BSD) is payable on the acquisition of immovable properties, based on...
by admin | Feb 20, 2018 | Goods and Services Tax, Tech News
IRAS is seeking public consultations with respect to taxing imported services by way of a reverse charge following the 2018 Budget announcement. It has issued the following two draft e-Tax guides: GST: Taxing imported services by way of reverse charge — This relates...
