Singapore Budget 2019 – Others
NAVIGATION Reduction Of Greenhouse Gas Emissions Restructuring Diesel Taxes Road Tax Rebates And Grants For Commercial Diesel Vehicles Tightening Of Duty-Free Allowance For Liquor Products 1 – REDUCTION OF GREENHOUSE GAS EMISSIONS Carbon TaxAs announced in last year’s budget, the carbon tax on the emission of greenhouse gases (GHG) to reduce carbon emissions will…
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Tax Dept
Singapore Budget 2019 – Individuals and Households
NAVIGATION Individual Income Tax Rate Personal Income Tax Rebate Grandparent Caregiver Relief Not Ordinarily Resident (NOR) Scheme CPF Top-Up Five-year MediSave Top-Up Edusave Accounts And Post-Secondary Education Accounts Top-Up Workfare Income Supplement (WIS) Commemorating Our Bicentennial Merdeka Generation Package (MGP) ComCare Long-Term Assistance And Singapore Allowance CareShield Life Community Health Assist Scheme (CHAS) Service And…
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Tax Dept
Singapore Budget 2019 – Goods and Service Tax (GST)
NAVIGATION GST Rate Tightening Of GST Import Relief For Travellers GST Remission For S-REITs And Singapore-Listed Registered Business Trusts (RBTs) Recovery Of GST For Qualifying Funds 1 – GST RATE The current GST rate is 7%. As announced by the Minister in budget 2018, the GST rate will rise from 7% to 9% sometime between…
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Tax Dept
Singapore Budget 2019 – Corporate and Businesses
NAVIGATION Corporate Income Tax Rate Writing Down Allowance (WDA) For Acquisition Of Qualifying Intellectual Property Rights (IPRs) Investment Allowance (IA) Income Tax Concessions For Singapore-Listed Real Estate Investment Trusts (S-REITs) Tax Concessions For Singapore-Listed Real Estate Investment Trusts Exchange-Traded Funds (REITs-ETFs) Tax Incentive Schemes For Funds Managed By Singapore-Based Fund Managers (Qualifying Funds) Designated Unit…
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Tax Dept
SG Transfer Pricing requirement: Related Party Transactions
On 12 January 2017, IRAS released its 4th edition of the Singapore transfer pricing guidelines relating to business entities incorporated or registered in Singapore or carrying on a business in Singapore that have transactions with related parties. Related Party Loans A related party loan arises when there is money lent in one form or another,…
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