e-Tax Guide GST: Guide on Exemption of Investment Precious Metals revised
On or about 30 August 2019, the Inland Revenue Board of Singapore (IRAS) has released the tenth edition of the e-Tax Guide GST: Guide on Exemption of Investment Precious Metals. The revised e-Tax Guide incorporates the following updates: inserted qualifying IPM...
e-Tax Guide GST: Guide on Exemption of Investment Precious Metals (IPM) revised
On or about 30 August 2019, the Inland Revenue Authority of Singapore (IRAS) has published the tenth edition of e-Tax Guide GST: Guide on Exemption of Investment Precious Metals (IPM). It replaces the ninth edition which was published on 27 March 2019. This e-Tax...
Singapore and Turkmenistan Sign Agreement for Avoidance of Double Taxation (DTA)
On or about 28 August 2019, Singapore and Turkmenistan have signed a comprehensive Agreement for the Avoidance of Double Taxation (DTA). The DTA seeks to improve cross-border trade and investment, lower withholding tax rates and clarifies jurisdictional rights between...
e-Tax Guide GST: Taxing imported services by way of an overseas vendor registration regime revised
On or about 26 August 2019, the Inland Revenue Board of Singapore (IRAS) has released the second edition of the e-Tax guide, GST: Taxing imported services by way of an overseas vendor registration regime. It replaces the first edition published on 4 February 2019. The...
e-Tax Guide GST: Taxing imported services by way of reverse charge revised
On or about 22 August 2019, the Inland Revenue Authority of Singapore (IRAS) has released the second edition of the e-Tax guide on GST: Taxing imported services by way of reverse charge. It replaces the first edition published on 4 February 2019. The e-Tax Guide...
Frequently Asked Questions – Reverse Charge
On or about 22 August 2019, the Inland Revenue Authority of Singapore (IRAS) has released the Frequently Asked Questions (FAQ) on reverse charge to reflect the latest operational guidelines. The FAQ is arranged into the following sections: Overview of reverse...
GST Registration for Overseas Entities
On or about 21 August 2019, the Inland Revenue Authority of Singapore (IRAS) has updated the content of its website to explain the process of GST registration, of which the same rules apply for both local and overseas entities. An overseas entity is defined as one...
ASC submits comments to IASB on ED/2019/2 Annual Improvements to IFRS Standards 2018–2020
On or about 20 August 2019, the Accounting Standards Council (ASC) has submitted its comment on ED/2019/2 Annual Improvements to IFRS Standards 2018–2020 to the IASB. The ASC are generally supportive of the proposals set out in the ED, subject to their comments on...
Singapore and Ukraine Sign Protocol to Amend Agreement for Avoidance of Double Taxation
On or about 16 August 2019, Singapore signed a Protocol amending the Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income (“DTA”) with the Government of Ukraine. The Protocol amends the Exchange of...
e-Tax Guide GST: Customer Accounting for Prescribed Goods revised
On or about 16 August 2019, the Inland Revenue Authority of Singapore (IRAS) has published the third edition of the e-Tax Guide on GST: Customer Accounting for Prescribed Goods. It replaces the second edition published on 13 December 2018. The third edition of the...