FY 2022 Enterprise Disbursements
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...
IRAS e-Tax Guide: 2023 GST Rate Change – A guide for GST-registered businesses
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...
FY 2022 Finance Sector
On or about 18 Feb 2022, the Minister for Finance, Mr. Lawrence Wong, delivered his Budget Statement for the Financial Year 2022. Enhance the Tax Incentive Scheme for Funds Managed by Singapore-based Fund Manager (“Qualifying Funds”) To continue growing Singapore’s...
FY 2022 Transport Sector
On or about 18 Feb 2022, the Minister for Finance, Mr. Lawrence Wong, delivered his Budget Statement for the Financial Year 2022. Extend the broad-based withholding tax (“WHT”) exemption for container lease payments made to non-tax-resident lessors under operating...
FY 2022 Businesses
On or about 18 Feb 2022, the Minister for Finance, Mr. Lawrence Wong, delivered his Budget Statement for the Financial Year 2022. Study the introduction of the Minimum Effective Tax Rate (“METR”) Regime In response to the global minimum effective tax rate under the...
FY 2022 Property Tax
On or about 18 Feb 2022, the Minister for Finance, Mr. Lawrence Wong, delivered his Budget Statement for the Financial Year 2022. Enhance the progressivity of property tax for owner-occupied residential properties The progressive property tax rates for owner-occupied...
Singapore Budget 2022
On or about 18 Feb 2022, the Minister for Finance, Mr Lawrence Wong has delivered the 2022 Budget statement which contains various measures to support businesses and individuals with job creation, incentives and tax relief measures. Corporate tax Updated the corporate...
Tax Governance and Tax Risk Management
On or about 17 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has updates its website content to tax governance and tax risk management. Tax governance and tax risk management are essential to a good corporate governance. Tax governance encompasses a...
e-Tax Guide: Tax Risk Management and Control Framework for Corporate Income Tax
On or about 17 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has published the first edition of the e-Tax Guide on Tax Risk Management and Control Framework for Corporate Income Tax. The e-Tax guide on Tax Risk Management and Control Framework for...
Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill 2022
On or about 14 Feb 2022, the Parliament of Singapore website has released to a Bill containing changes to the Economic Expansion Incentives (Relief from Income Tax) Act 1967 (the Act) has completed its passage through parliament and awaits assent. The Economic...