Changes to the Employment Act with effect from 1 April 2019
Core provisions will be extended to cover all managers and executives The monthly basic salary threshold of $4,500 for managers and executives will be removed. All employees, whether managers and executives, workmen and non-workmen, will be covered by the core...
Amendments to Multilateral Instrument or MLI
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...
IRAS e-Tax Guide: Group Relief System
On or about 29 March 2019, the Inland Revenue Authority of Singapore (IRAS) has published the second edition of e-Tax Guide: Group Relief System. It replaces the first edition which was published on 6 September 2011. The e-Tax Guide has been updated to incorporate the...
GST e-Tax Guide: Guide on Exemption of Investment Precious Metals (IPM)
On or about 27 March 2019, the Inland Revenue Authority of Singapore (IRAS) has published the ninth edition of GST e-Tax Guide: Guide on Exemption of Investment Precious Metals (IPM). It replaces the eighth edition which was published on 18 January 2019. This e-Tax...
GST e-Tax Guide: For Retailers Participating in Tourist Refund Scheme (eTRS)
On or about 22 March 2019, the Inland Revenue Authority of Singapore (IRAS) has published the first edition of GST e-Tax Guide: For Retailers Participating in Tourist Refund Scheme (Refund claims made on or after 4 Apr 2019). This e-Tax guide aimed to provide details...
GST e-Tax Guide: Guide For Visitors on Tourist Refund Scheme (eTRS)
On or about 22 March 2019, the Inland Revenue Authority of Singapore (IRAS) has published the first edition of GST e-Tax Guide: Guide For Visitors on Tourist Refund Scheme (Refund claims made on or after 4 Apr 2019). This e-Tax Guide aimed to provide details on how...
GST e-Tax Guide: The Electronic Tourist Refund Scheme (e-TRS)
On or about 22 March 2019, the Inland Revenue Authority of Singapore (IRAS) has published the first edition of GST e-Tax Guide: The Electronic Tourist Refund Scheme (e-TRS) (Refund claims made on or after 4 Apr 2019). The guide covers the following: Description of...
IRAS e-Tax Guide: Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses
On or about 14 March 2019, the Inland Revenue Authority of Singapore (IRAS) has published the second edition of e-Tax Guide: Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses. It replaces the first edition which was published on 29 June...
GST e-Tax Guide: Approved Third Party Logistics (3PL) Company Scheme
On or about 11 March 2019, the Inland Revenue Authority of Singapore (IRAS) has published the third edition of GST e-Tax Guide: Approved Third Party Logistics Company Scheme. It replaces the second edition which was published on 11 August 2017. This e-Tax Guide...
Employment Claims Tribunals to hear wrongful dismissal and salary-related claims from April 2019
The Tripartite Alliance for Dispute Management (TADM) provides employees and employers with services to resolve salary-related claims and employment disputes. TADM provides advisory and mediation services, including mediation before claims can be heard at the...