by admin | Dec 13, 2019 | Income Tax, Tech News
On or about 13 December 2019, the Inland Revenue Authority of Singapore (IRAS) has updated on its website regarding Business and IPC Partnership Scheme (BIPS), a scheme to encourage corporate volunteerism, under which businesses may claim 250% tax deduction on...
by admin | Dec 12, 2019 | Income Tax, Tech News
On or about 12 December 2019, the Inland Revenue Board of Singapore (IRAS) has released the third edition of the e-Tax Guide on Pioneer Incentive: Tax Treatment of Gains and Losses from a Separate Trade. It replaces the second edition published on 29 August 2017. The...
by admin | Dec 11, 2019 | Employment, Income Tax, Tech News
Employers who are eligible for the Scheme can look forward to the seventh tranche of Wage Credit Scheme (WCS) payouts in March 2020 — a scheme which seeks to support businesses embarking on transformation efforts and encourage sharing of productivity gains with...
by admin | Dec 10, 2019 | Goods and Services Tax, Tech News
In less than a month the Goods and Services Tax (GST) will be levied on imported services, experts have said that these would impact business-to-business (B2B) services from abroad such as banks, insurers and charities. However, the industries have responded that they...
by admin | Dec 10, 2019 | Goods and Services Tax, Tech News
A digital payment token refers to any cryptographically-secured digital representation of value that is used or intended to be used as a medium of exchange. The token have all of the following characteristics:it is expressed as a unit: it is expressed as a unit;it is...
by admin | Dec 10, 2019 | Income Tax, Tech News
On or about 9 December 2019, Singapore and Germany signed a Protocol amending the 28 June 2004 Agreement for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital (“Protocol”). The Protocol seeks to enhance the cross-border trade and...
