Singapore Budget 2020 – Others
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 1. EV EARLY ADOPTION INCENTIVE FOR FULLY ELECTRIC CARS…
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Tax Dept
Singapore Budget 2020 – Individuals and Households
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 (S&CC) Rebate Additional Gst Voucher – U-Save…
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Tax Dept
Singapore Budget 2020 – Goods and Services Tax (GST)
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 needs in the near future. In Budget 2020, the Finance Minister had unveiled that…
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Tax Dept
Singapore Budget 2020 – Corporate and Businesses
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 On Renovation And Refurbishment (R&R) Expenses –…
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Tax Dept
Blockchain Applications and Tokenization
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 resort developer contemplating a blockchain-based…
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