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 [...]
Tax Guide: Personal Income Tax Reliefs in Singapore
As we usher in the new year in 2020, the tax season is approaching once again. The deadline for YA2019 income tax filing for companies recently elapsed last December [...]
Blockchain Applications and Tokenization
Asset-tokenization is the one-to-one mapping between physical assets or digital assets and the digital certificates generated by blockchain. Examples of assets include commercial buildings, hotels, houses, stocks and financial securities, [...]
Blockchain Technology and Real Estate
“Blockchain” is most frequently heard these days within the “FinTech” and “PropTech” environments along with terms such as “Distributed Ledger Technology”, “Smart Contracts”, “Tokens”, “Wallets” plus language to describe the [...]
Blockchain Implications on the Shared Ownership of Real Estate
The foundations of the Sharing Economy The term 'Sharing Economy' has grown to become an umbrella term for a wide range of non-ownership forms of consumption activities such as swapping, [...]
What is the IRAS and What Are Its Primary Roles?
The Inland Revenue Authority of Singapore (IRAS) is the institution in charge of collecting taxes from the nation’s citizens and businesses. Its history can be traced back to 1947 [...]
Factors to Consider Before Applying for Voluntary GST Registration
By law, Singapore companies must apply for GST registration should they meet the sales threshold set by the Inland Revenue Authority of Singapore (IRAS). Companies that do not meet the [...]
Singapore Tax Guide: Preparing for IRAS Income Tax filing YA2020
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 charged on [...]
Singapore Tax Guide: IRAS Corporate Tax Calculator
Individuals (employees or sole proprietors) and companies are required to file annual income tax returns to the Inland Revenue Authority of Singapore (IRAS) and pay income tax at the [...]
Tax Guide: Singapore Tax Identification Number
A Tax Identification Number (TIN) is a unique set of numbers specifically assigned to an individual or organization to create a “fingerprint” that can facilitate their identification for the government [...]
Singapore Tax Guide: IRAS Individual Income Tax Rate
Individuals are required to file annual income tax returns to the Inland Revenue Authority of Singapore (IRAS) and pay income tax at the prevailing Singapore personal IRAS income tax rate [...]
IRAS Portal Guide: How to login to the myTax Portal
The Inland Revenue Authority of Singapore (IRAS) has a dedicated IRAS login portal for individuals or corporations to perform various tax e-services online. Individuals are required to file annual [...]
What is VAT and How Does It Work in Singapore?
Value-Added Tax (VAT) is a type of indirect tax collected on the value of goods and services consumed by individuals and businesses to alleviate the effect of direct taxes such [...]
An Overview of the Singapore Corporate Tax Rate
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 charged on [...]
Singapore IRAS GST legislation: Tax Facts
Goods and Services Tax or GST is a broad-based consumption tax charged in addition to the price of imported goods, as well as a wide-ranging category of goods and [...]
