Singapore Corporate Tax season 2020 is now underway and companies are required to e-file their Corporate Income Tax Returns for YA2020 before 15 December 2020. All Singapore Companies are required to file annual income tax returns online to the Inland Revenue Authority of Singapore (IRAS) and pay income tax at [...]
With the recent opening of Corporate Tax Season this year, it is in the best interest of Singapore companies and businesses to learn more about tax reliefs, schemes and incentives offered by the Inland Revenue Authority of Singapore (IRAS) to maximize their tax savings. Singapore has maintained a high Global [...]
By law, all Singapore Companies are required to file annual income tax returns to the Inland Revenue Authority of Singapore (IRAS) and pay income tax at the prevailing local corporate tax rate charged on chargeable income. To help Singapore companies and businesses remain competitive by global standards, the local government [...]
Filing Singapore corporate tax returns for YA2020 will be a little bit different compared to previous years, due in part to complications brought about by the COVID-19 pandemic. The corporate tax season just opened this month and IRAS is set to receive corporate tax filings for YA2020. Singapore companies and [...]
Corporate tax filing season is kicking off in Singapore and accountants and companies should start preparing their financial documents to make sure they comply with this year’s deadline. In the previous months affected by the COVID-19 pandemic, the Inland Revenue Authority of Singapore (IRAS) has introduced a set of one-time [...]
The COVID-19 pandemic has adversely impacted the global economy, hitting Singapore companies and businesses affected by preventive circuit breaker measures implemented in the country. The Singapore government has since announced various support schemes in the form of income tax rebate and reliefs for FY2020. Among these measures is the property [...]
This year, the COVID-19 crisis has adversely impacted the global economy. Singapore is no exemption, with negative effects and losses caused by the crisis and the consequent circuit breaker measures implemented to prevent the virus’ spread. The local government has thus announced various support schemes including several government grants to [...]
This year, the COVID-19 pandemic has inevitably adversely impacted the global economy. Singapore companies and businesses were negatively impacted by this health crisis and the consequent circuit breaker measures implemented to prevent the spread of the virus. The Singapore government has thus announced various support schemes in the form of [...]
Earlier this month, the Inland Revenue Authority of Singapore (IRAS) has announced individuals may claim certain tax deductions on expenses incurred while performing work duties from home. With circuit breaker rules progressively lifted, and as part of Singapore’s phase one reopening measures, many employees are starting to return to their [...]
The Singaporean government launched the Jobs Support Scheme (JSS) in late April as part of circuit-breaker measures outlined in Singapore’s Budget 2020 announcements aimed at containing the economic fallout caused by the COVID-19 pandemic in the country. As the government recognizes the pandemic has taken a toll on the country’s [...]
