Singapore Budget 2021 – Others
NAVIGATION Enhancement of Electric Vehicle (EV) Early Adoption Incentive (EEAI) Transitional Offset Measures for Vehicles Using Petrol Revision to Petrol Duty Rates 1. [...]
Singapore Budget 2021 – Individuals and Households
NAVIGATION Individual Income Tax Rate GST Voucher (GSTV) - Cash Special Payment GST Voucher (GSTV) - U-Save Special Payment Service and Conservancy Charges Rebate (S&CC Rebate) Top-Ups to [...]
Singapore Budget 2021 – Goods and Services Tax (GST)
NAVIGATION GST Rate Imposition of GST on Imported Low-Value Goods Change of Basis for Determining Zero-Rating Supply of Media Sales 1. GST RATE [...]
Singapore Budget 2021 – Corporate and Business
NAVIGATION Corporate Income Tax (CIT) Rate Extension and Enhancement of the Carry-Back Relief Scheme Extension of Option to Accelerate Eligible Claim on Cost of Plant and Machinery (P&M) [...]
Morison KSi’s new Chair and Vice Chair
We would like to congratulate our managing partner, Mr. Paul Wan, to be elected to the position of chairmen of Morison KSi, our global network of 160 accounting firms in [...]
Quick Guide: Singapore Corporate Capital Gains Tax
Singapore Corporate Tax season 2020 is now underway and companies are required to e-file their Corporate Income Tax Returns for YA2020 before 15 December 2020. All Singapore Companies are required [...]
The Singapore Enhanced Carry-Back Relief System
With the recent opening of Corporate Tax Season this year, it is in the best interest of Singapore companies and businesses to learn more about tax reliefs, schemes and incentives [...]
Tax Guide: Singapore Capital Allowances
By law, 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 local corporate [...]
Quick Guide: Singapore Corporate Tax Form C and C-S
Filing Singapore corporate tax returns for YA2020 will be a little bit different compared to previous years, due in part to complications brought about by the COVID-19 pandemic. The corporate [...]
Corporate Income Tax YA2020: Key Changes
Corporate tax filing season is kicking off in Singapore and accountants and companies should start preparing their financial documents to make sure they comply with this year’s deadline. In the [...]
Coping with the Consequences of COVID-19: Redoubling Attention to the Professional Standards
Barry Jay Epstein, Ph.D., CPA, Accounting Expert at Epstein + Nach LLC and Eva K. Jermakowicz, Ph.D., CPA Professor, College of Business Tennessee State University [...]
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 [...]