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New S$75m grant to enhance Singapore as an enterprise financing hub

Singapore, 14 January 2019 - The Monetary Authority of Singapore (MAS) will launch next month a new S$75 million Grant for Equity Market Singapore (GEMS). Announcing this at the UBS Wealth Insights conference today, Mr Heng Swee Keat, Minister for Finance and MAS Board Member, highlighted Singapore’s vision to serve as Asia’s centre for capital raising and enterprise financing. GEMS will [...]

By |May 1st, 2019|Categories: Corporate Finance, News|

Singapore Economic Outlook: Mar 2019

Singapore's GDP Grew by 1.3 in the First Quarter of 2019 compared to 1.9 % growth in the fourth quarter of last year-  The decline was not unexpected given the GDP 2018 was 3.2% versus GDP 2017 of 3.7%. China, Malaysia, EU, USA,HK and Taiwan were the main trading partners. The overall trend will continue to be very challenging given all our major trading partners economy [...]

By |April 30th, 2019|Categories: Asia|

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 Tax As announced in last year’s budget, the carbon tax on the emission of greenhouse gases (GHG) to [...]

By |February 25th, 2019|Categories: Taxation|

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 Conservancy Charges (S&CC) [...]

By |February 24th, 2019|Categories: Taxation|

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% [...]

By |February 24th, 2019|Categories: Taxation|

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 Trust (DUT) Scheme [...]

By |February 24th, 2019|Categories: Taxation|

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, irrespective of whether the loan [...]

By |December 21st, 2018|Categories: Corporate Income Tax|

Review your corporate tax position to avoid tax burden

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 of taxes in past years may result in accumulated tax [...]

By |December 14th, 2018|Categories: Corporate Income Tax|

Singapore’s first cybersecurity framework

The much discussed Cybersecurity Act 2018 (the Act), which was passed by the Singapore Parliament on 5 February 2018, came into force on 31 August 2018. The Act establishes a legal framework for the oversight and maintenance of national cybersecurity in Singapore. Its four key objectives are to strengthen the protection of Critical Information Infrastructure (CII) against cyber-attacks; to authorise [...]

By |December 12th, 2018|Categories: Cyber Security|

Temasek unit invests in blockchain-based platform iSTOX

THE Singapore Exchange (SGX) and Temasek Holdings holdings subsidiary Heliconia Capital Management have invested in iSTOX, a capital markets platform by blockchain-based infrastructure company ICHX Tech. The platform designed by ICHX Tech - a company incubated by Singapore investment firm ICH Group - aims to provide fast time-to-issuance and a high level of transparency for users. But, while iSTOX incorporates [...]

By |December 10th, 2018|Categories: Blockchain|