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Insights

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Supplementary Singapore Budget 2020 – Second Stimulus Package

By |2020-03-31T18:39:27+08:00March 27th, 2020|Featured, 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 |2020-02-23T12:37:09+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 |2020-02-21T22:01:51+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 |2020-02-21T22:01:52+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 |2020-03-10T09:24:49+08:00February 21st, 2020|Corporate Income Tax, Featured, 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 |2020-02-12T16:10:45+08:00January 23rd, 2020|Blockchain, Featured, 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 |2020-02-12T16:11:44+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 [...]

Blockchain Implications on the Shared Ownership of Real Estate

By |2020-02-12T16:11:54+08:00January 23rd, 2020|Blockchain, Insights|

The foundations of the Sharing Economy The term 'Sharing Economy' has grown to become an umbrella term for a wide range of non-ownership forms of consumption activities such as swapping, trading, renting and exchanging.  The Sharing Economy is typically defined by two key elements. Firstly, an online platform which connects [...]

Case Study: Thomas Cook plc, A lesson to be learned

By |2020-02-12T16:27:38+08:00September 29th, 2019|Advisory, General, Insights|

The oldest Travel Agent 178 years collapsed and went into administration in the UK on 23rd September 2019. It was founded in 1841 in Leicestershire by Thomas Cook a cabinet-maker. Prior to the collapse, it’s revenue was £9bn, it had 19 million customers, 22,000 staff in 16 countries. What happened? [...]

Singapore GDP Update – September 2019

By |2020-02-12T16:29:28+08:00September 29th, 2019|Advisory, General, Insights|

On 13th August 2019, Singapore’s   Ministry of Trade and Industry slashed it’s 2019 GDP forecast to zero to 1% -this is in contrast to the forecast of 1.5% to 2.5%. With the expected continued decline in the economy, Singapore is in a technical recession. In our earlier write up we [...]