Tax Deductability OF “Keyman” Insurance Premiums
Generally, premiums incurred by a company in taking up an insurance policy on the life of a key personnel of the company (commonly referred to as “keyman” insurance) against loss of profits arising from the demise of the insured, the premiums are tax deductible. The following are the requirements that must be satisfied before the…
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GST – Transfer of Business as Going Concern
In accordance with the GST Act, any supply of goods or services made by a taxable person in the course or furtherance of his business is chargeable to GST. Where a taxable person transfers or disposes of his business assets, whether or not for a consideration, is making a supply and hence, he has to…
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Best practices for engaging tax agents
Last Updated: 24 Feb 2019 Tax compliance is part and parcel of every business in almost all countries. Without proper tax compliance, businesses will run into trouble with tax authorities. Fines, penalties, freezing bank accounts, summons, court’s attendances, imprisonment, not allowing errant taxpayers leaving the country are some of the steps that may be taken…
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Tax Dept
Singapore Budget Synopsis 2018
As our Singapore Finance Minister, Mr Heng Swee Keat, had just delivered the Singapore Budget 2018. Find out more on our firm’s Budget Synopsis. [pdf-embedder url=”http://3.223.95.242/wp-content/uploads/2018/02/Budget-2018.pdf” title=”Budget 2018″]
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Tax Dept
Singapore Budget Synopsis 2017
As our Singapore Finance Minister, Mr Heng Swee Keat, had just delivered the Singapore Budget 2017. Find out more on our firm’s Budget Synopsis. [pdf-embedder url=”http://3.223.95.242/wp-content/uploads/2017/02/Budget-2017-final-1.pdf” title=”Budget 2017 (final)”]
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