IRAS releases Slides on Overseas Vendor Registration
On or about 15 July 2019, the Inland Revenue Board of Singapore (IRAS) has updated the content on Overseas Vendor Registration slides. The slides explain the Overseas Vendor Registration (OVR) regime to tax digital services imported by non-GST registered persons...
IRAS update e-Tax Guide on GST: Guide for Property Owners and Property Holding Companies
On or about 12 July 2019, the Inland Revenue Board of Singapore (IRAS) has published the fourth edition of the e-Tax Guide on GST: Guide for Property Owners and Property Holding Companies. It replaces the third edition published on 1 January 2018. In this fourth...
IRAS updates e-Tax Guide on Income Tax Treatment of Real Estate Investment Trust Exchange-Traded Funds
On or about 11 July 2019, the Inland Revenue Board of Singapore (IRAS) has published the fourth edition of the e-Tax Guide on Income Tax Treatment of Real Estate Investment Trust Exchange-Traded Funds. It replaces the third edition published on 19 June 2019. The...
IRAS updates e-Tax Guide on Income Tax Treatment of Real Estate Investment Trusts and Approved Sub-Trusts
On or about 11 July 2019, the Inland Revenue Board of Singapore (IRAS) has published the fourth edition of the e-Tax Guide on Income Tax Treatment of Real Estate Investment Trusts and Approved Sub-Trusts. It replaces the third edition published on 19 June 2019. The...
Singapore and Armenia Sign Agreement for Avoidance of Double Taxation
On or about 8 July 2019, Singapore has signed a comprehensive Agreement for the Avoidance of Double Taxation (DTA) with Armenia. The DTA enhances the cross-border trade and investment between both countries. It lowers the withholding tax rates on income flows arising...
MOF Invites Feedback On Proposed Changes To The GST Act
On or about 5 July 2019, the Ministry of Finance (MOF) has proposed five amendments to the Goods and Services Tax Act which plans to exempt the sale and transfer of digital payment tokens from the tax. The MOF is requesting public feedback on the amendments from 5...
IRAS e-Tax Guide (Draft) GST: Digital Payment Tokens
On or about 5 July 2019, the Inland Revenue Authority of Singapore (IRAS) is inviting public feedback on the draft IRAS GST: Digital Payment Tokens e-Tax Guide. This draft guide explains the GST treatment for transactions involving virtual currencies/cryptocurrencies...
IRAS updates the content of GST F28 – Post ACAP Review Declaration
On or about 1 July 2019, the Inland Revenue Authority of Singapore (IRAS) has updated the content of GST F28 - Post Assisted Compliance Assurance Programme (ACAP) Review Declaration. Source: IRAS website, 1 July 2019
IRAS updates the Content of GST F28A – Certified Post ACAP Review Declaration
On or about 1 July 2019, the Inland Revenue Authority of Singapore (IRAS) has updated the content of GST F28A - Certified Post Assisted Compliance Assurance Programme (ACAP) Review Declaration. Source: IRAS website, 1 July 2019
Amendments to Georgia and Netherlands DTAs
Singapore has participated in the negotiation of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). The MLI is intended to allow jurisdictions to swiftly amend their...