The Singapore Enhanced Carry-Back Relief System
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 Business Complexity Ranking and remains…
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Singapore Guide: ISCA FRB 5 – Accounting for Property Tax Rebate
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 tax rebate extended to commercial…
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Quick Guide: Tax Deductions for Work-from-Home Expenses
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 regular work environments however the…
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Quick Guide: Singapore Budget 2020 Corporate Income Tax Rebate
The COVID-19 crisis has adversely impacted the global economy and Singapore companies and businesses were also negatively impacted by the various circuit breaker measures implemented. The Singapore government has since announced various support schemes in the income tax rebate and reliefs area for YA2020. The schemes were first announced in the annual 2020 Budget speech,…
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Tax Dept
Quick Guide: Singapore Budget 2020 Personal Tax Relief Measures
COVID-19 has adversely impacted the global economy just as Singapore companies and businesses suffered negative by the various circuit breaker measures implemented. This has also mainly affected the livelihoods of many Singaporeans as many faced the prospect of retrenchment and lower-income. The Singapore government has since announced various support schemes for individuals and households. The…
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