by admin | Feb 23, 2022 | Goods and Services Tax, Tech News
On or about 22 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has updated its web page to GST Rate Change for Businesses. In Budget 2022, the Minister for Finance announced that the GST rate will be increased from: 7% to 8% with effect from 1 Jan...
by admin | Feb 22, 2022 | Income Tax, Tech News
On or about 21 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has updated its website to how to participate in the International Compliance Assurance Programme (ICAP). The ICAP is a voluntary risk assessment and assurance programme to facilitate...
by admin | Feb 21, 2022 | Goods and Services Tax, Tech News
Tax changes – GST Increase the GST rate to meet increased recurrent spending needs The GST rate increase will be delayed to 2023. To meet increased recurrent spending needs, The GST rate will be increased in two steps: From 7% to 8% with effect from 1 January...
by admin | Feb 21, 2022 | Employment, Income Tax, Tech News
On or about 18 Feb 2022, the Minister for Finance, Mr. Lawrence Wong, delivered his Budget Statement for the Financial Year 2022. Tax changes – Individuals Enhance the progressivity of Personal Income Tax (“PIT”) of tax-resident individual taxpayers The top...
by admin | Feb 21, 2022 | Income Tax, Tech News
On or about 18 Feb 2022, the Minister for Finance, Mr. Lawrence Wong, delivered his Budget Statement for the Financial Year 2022. Support for Workers and Businesses Progressive Wage Credit Scheme The Progressive Wage Credit Scheme provides transitional wage support...
by admin | Feb 21, 2022 | Goods and Services Tax, Tech News
On or about 18 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has published the third edition of the e-Tax Guide on 2023 GST Rate Change – A Guide for GST-registered Businesses. The Minister for Finance announced in Budget 2022 that the GST rate will be...
