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Insights

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Coping with the Consequences of COVID-19: Redoubling Attention to the Professional Standards

By |2020-07-10T21:19:12+08:00July 10th, 2020|Audit and Assurance|

Barry Jay Epstein, Ph.D., CPA, Accounting Expert at Epstein + Nach LLC and Eva K. Jermakowicz, Ph.D., CPA Professor, College of Business Tennessee State University The current novel coronavirus (COVID-19) epidemic is causing huge concern and disruption throughout the world, for obvious reasons, and the [...]

Fortitude Budget 2020 (4th Round of Financial Support)

By |2020-06-01T20:25:48+08:00May 27th, 2020|Featured, Insights|

On 26 May 2020, the Singapore Deputy Prime Minister and Minister for Finance, Heng Swee Keat has unveiled in Parliament, a S$33 billion 4th round of financial support (landmark package) to tide through the COVID-19 crisis as most businesses are expected only to be able to resume their operations [...]

Solidarity Budget 2020 (3rd Round of Strong Support Measures)

By |2020-06-30T20:53:42+08:00April 8th, 2020|Insights, Taxation|

On 6 April 2020, the Singapore Deputy Prime Minister and Minister for Finance, Heng Swee Keat unveiled in Parliament, a 3rd round of a strong enhanced support measures to help tide business, workers and households through the COVID-19 outbreak which had taken a sharp turn both globally and locally. [...]

Supplementary Singapore Budget 2020 – Second Stimulus Package

By |2020-06-30T20:55:04+08:00March 27th, 2020|Insights, Taxation|

On 26 March 2020, Deputy Prime Minister and Finance Minister Heng Swee Keat delivered the Resilience Budget for businesses and households in response to the accelerated spread of COVID-19 and is now a global pandemic. This second stimulus package provides a slew of new measures and enhancements to existing [...]

Singapore Budget 2020 – Others

By |2020-02-21T20:50:28+08:00February 21st, 2020|Insights, Taxation|

NAVIGATION EV Early Adoption Incentive For Fully Electric Cars Road Tax For Electric Cars Road Tax For Petrol-Electric Cars Road Tax For Electric Motorcycles Road Tax For Electric Light Goods Vehicles (LGVS) And Electric Goods Passenger Vehicles (GPVS) With Maximum Laden Weight Of ≤3.5 Metric Tonnes [...]

Singapore Budget 2020 – Individuals and Households

By |2020-02-21T19:00:02+08:00February 21st, 2020|Insights, Personal Taxation|

NAVIGATION Individual Income Tax Rate Extension Of Withholding Tax Exemption For Non-Resident Mediators Extension Of Withholding Tax Exemption For Non-Resident Arbitrators Extension Of Concessionary Withholding Tax Rate For Non-Resident Public Entertainers (NRPEs) Lapse Of Angel Investors Tax Deduction (AITD) Scheme Rental Waiver For Hawkers Service And Conservancy Charges [...]

Singapore Budget 2020 – Goods and Services Tax (GST)

By |2020-02-21T15:40:28+08:00February 21st, 2020|Goods and Services Tax (GST), Insights|

NAVIGATION GST Rate 1.  GST RATE As announced in Budget 2018, the GST rate is planned to go up from 7% to 9% between year 2021 and 2025. This is necessary as the Minister foresee support in higher healthcare and other [...]

Singapore Budget 2020 – Corporate and Businesses

By |2020-06-30T20:56:29+08:00February 21st, 2020|Corporate Income Tax, Insights|

NAVIGATION Corporate Income Tax (CIT) Rate Corporate Income Tax (CIT) Rebate Property Tax (PT) Rebate Automatic Extension Of Interest-Free Instalments For Payment Of Estimated Tax Payable Enhancement Of Carry-Back Relief Scheme Option To Accelerate Eligible Claim On Cost Of Plant And Machinery (P&M) Option To Accelerate Eligible Deduction [...]

Blockchain Applications and Tokenization

By |2020-09-25T14:57:40+08:00January 23rd, 2020|Blockchain, Insights|

Asset-tokenization is the one-to-one mapping between physical assets or digital assets and the digital certificates generated by blockchain. Examples of assets include commercial buildings, hotels, houses, stocks and financial securities, digital collectables, intellectual property and works of art and this list is by no means exhaustive. If you are a [...]

Blockchain Technology and Real Estate

By |2020-01-23T19:34:00+08:00January 23rd, 2020|Blockchain, Insights|

“Blockchain” is most frequently heard these days within the “FinTech” and “PropTech” environments along with terms such as “Distributed Ledger Technology”, “Smart Contracts”, “Tokens”, “Wallets” plus language to describe the myriad types of Ledgers found within the Blockchain environment.  As can be expected with any new technology, industry-specific nomenclature has [...]