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Corporate Income Tax

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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 [...]

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 [...]

SG Transfer Pricing requirement: Related Party Transactions

By |2018-12-21T10:58:42+08:00December 21st, 2018|Corporate Income Tax, Insights|

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 [...]

Review your corporate tax position to avoid tax burden

By |2018-12-14T10:46:27+08:00December 14th, 2018|Corporate Income Tax, Insights|

Last Updated 24 Feb 2019 Corporate tax is unavoidable in Singapore. However, with proper tax planning, it is possible for businesses to pay less tax/defer its tax payments. Hence, businesses will minimize their tax and maximize returns for stakeholders and as such, more resources will be available for reinvestment. Under-declaration [...]

Tax Deductability OF “Keyman” Insurance Premiums

By |2018-12-07T10:41:04+08:00December 7th, 2018|Corporate Income Tax, Insights|

Generally, premiums incurred by a company in taking up an insurance policy on the life of a key personnel of the company (commonly referred to as “keyman” insurance) against loss of profits arising from the demise of the insured, the premiums are tax deductible. The following are the requirements that [...]