Supplementary Singapore Budget 2020 – Second Stimulus Package
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 [...]
How to Open a Company in Singapore in 2020
Registering a company in Singapore is not a complex procedure. In fact, Singapore is ranked 2nd in the list of countries that offer the best environment for businesses according to [...]
Tax Guide: Personal Income Tax Filing in Singapore
Individual taxes in Singapore are defined and collected by the Inland Revenue Authority of Singapore (IRAS). This institution has established different tax brackets and conditions for residents and non-residents [...]
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 [...]
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 [...]
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% [...]
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 [...]
Company Audit Procedures in Singapore
Understanding audit procedures in Singapore is essential for business owners and company heads as Singaporean companies are required to conduct periodical audits on their financial statements as established in the [...]
Key Requirements for a Company Audit in Singapore
What is a Statutory Audit? As a fast-growing economic hub in the Southeast Asian region, the demand for professional audit and accounting services in Singapore continues to rise. To comply [...]
Singapore Corporate Income Tax Rebates
All Singapore companies are required to file annual income tax returns to the Inland Revenue Authority of Singapore (IRAS) and pay income tax at the prevailing Singapore corporate tax rate [...]
Corporate Income Tax Exemption schemes in Singapore
By Singaporean law, all companies in Singapore are required to file annual income tax returns to the Inland Revenue Authority of Singapore (IRAS) and pay income tax at the prevailing [...]
Using the GST F7 Form to Correct GST Filing Errors
Goods and Services Tax (GST) is an indirect tax collected by the Inland Revenue Authority of Singapore (IRAS) and it is applied to most goods and services sold to consumers [...]
Tax Guide: Claiming Double Tax Relief in Singapore
Double Taxation occurs when a foreign income earned by a Singapore company is being taxed two times, once in the foreign jurisdiction and twice in Singapore. Double Tax Reliefs are [...]
Tax Review: Singapore Budget 2018 and 2019 GST Policy Changes
On the 20th of February 2018, Finance Minister, Mr Heng Swee Keat announced in his Singapore budget 2018 speech that the country’s GST rate will be increased from 7% [...]
Understanding the Singapore Income Tax Notice of Assessment (NOA)
By Singaporean legislation, individuals (employees or sole proprietors) and companies are required to file annual income tax returns to the Inland Revenue Authority of Singapore (IRAS). To ensure compliance with [...]
