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Taxation

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

By |2020-05-14T18:39:49+08:00April 8th, 2020|Featured, 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 |2020-05-14T18:41:20+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 |2020-02-21T20:50:28+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 |2020-05-14T18:41:43+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 [...]

Singapore Budget 2019 – Others

By |2019-02-25T00:05:34+08:00February 25th, 2019|Insights, Taxation|

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 Tax As announced in last year’s budget, the [...]

Singapore Budget 2019 – Individuals and Households

By |2019-02-24T23:40:22+08:00February 24th, 2019|Insights, Personal Taxation|

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 [...]

Singapore Budget 2019 – Goods and Service Tax (GST)

By |2019-02-24T22:20:06+08:00February 24th, 2019|Goods and Services Tax (GST), Insights|

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 [...]

Singapore Budget 2019 – Corporate and Businesses

By |2019-02-24T21:02:53+08:00February 24th, 2019|Corporate Income Tax, Insights|

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 [...]