Singapore Guide: ISCA FRB 5 – Accounting for Property Tax Rebate
The COVID-19 pandemic has adversely impacted the global economy, hitting Singapore companies and businesses affected by preventive circuit breaker measures implemented in the country. The Singapore government has since announced [...]
Quick Guide: IAS 20 – Accounting for Government Grants
This year, the COVID-19 crisis has adversely impacted the global economy. Singapore is no exemption, with negative effects and losses caused by the crisis and the consequent circuit breaker measures [...]
Singapore Guide: ISCA FRB 6 – Accounting for Jobs Support Scheme
This year, the COVID-19 pandemic has inevitably adversely impacted the global economy. Singapore companies and businesses were negatively impacted by this health crisis and the consequent circuit breaker measures implemented [...]
Quick Guide: Tax Deductions for Work-from-Home Expenses
Earlier this month, the Inland Revenue Authority of Singapore (IRAS) has announced individuals may claim certain tax deductions on expenses incurred while performing work duties from home. With circuit breaker [...]
Quick Guide: Singapore’s Enhanced Jobs Support Scheme (JSS)
The Singaporean government launched the Jobs Support Scheme (JSS) in late April as part of circuit-breaker measures outlined in Singapore’s Budget 2020 announcements aimed at containing the economic fallout caused [...]
Tax Season 2020: Income Tax Filing Mistakes to Avoid
The income tax filing process for Singapore individuals and employees has changed as a result of Circuit Breaker policies implemented by the government to contain the spread of the COVID-19 [...]
Quick Guide: Income Tax for Foreigners and Returning Singaporeans
By law, individuals are required to file income tax returns and pay their annual income taxes to the Inland Revenue Authority of Singapore (IRAS). This applies to a majority of [...]
Quick Guide: IRAS Auto-Inclusion Scheme (AIS) for Employers
The Auto Inclusion Scheme (AIS) is a tax scheme geared towards Singapore employers and administered by the Internal Revenue Authority of Singapore (IRAS). It allows employers to submit the income [...]
Quick Guide: Singapore Tax Clearance and Circuit Breaker Measures
By law, Singapore employers are required to submit tax clearance forms to the Inland Revenue Authority of Singapore (IRAS) for foreigners and employees who plan to cease their employment and [...]
Circuit Breaker Measures for Singapore Company Audit Practices
The ongoing COVID-19 pandemic and corresponding Circuit Breaker regulations have had a major impact on many companies and businesses, not just financially but also in administrative matters. Statutory requirements and [...]
Fortitude Budget 2020 (4th Round of Financial Support)
On 26 May 2020, the Singapore Deputy Prime Minister and Minister for Finance, Heng Swee Keat has unveiled in Parliament, a S$33 billion 4th round of financial support (landmark [...]
Quick Guide: Singapore Budget 2020 Corporate Income Tax Rebate
The COVID-19 crisis has adversely impacted the global economy and Singapore companies and businesses were also negatively impacted by the various circuit breaker measures implemented. The Singapore government has since [...]
How to Pay Income Tax in Singapore for Nationals and Foreigners
Many local accountants are frequently questioned about the process of paying income tax in Singapore. By law, all individuals who receive income from their activities in Singapore must file and [...]
Quick Guide: Singapore Budget 2020 Personal Tax Relief Measures
COVID-19 has adversely impacted the global economy just as Singapore companies and businesses suffered negative by the various circuit breaker measures implemented. This has also mainly affected the livelihoods of [...]
COVID-19 IRAS Property Tax Support Measures
IRAS property tax bills in Singapore are traditionally sent by the Inland Revenue Authority of Singapore (IRAS) on December 31 each year, while property owners can also use the IRAS [...]