March 27, 2020

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 and is now a global pandemic. This second stimulus package provides a slew of new measures and enhancements to existing schemes aiming at stabilizing Singapore’s economy,…

Read more

POSTED BY

Tax Dept

March 26, 2020

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 the 2020 “Doing Business” report issued by the World Bank Group.  According to this report, there are only two procedures required to successfully start a…

Read more

POSTED BY

Tax Dept

March 26, 2020

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 working in Singapore. This guide for locals and foreigners will outline the process for annual personal income tax filing in Singapore. Individual Taxes in Singapore The…

Read more

POSTED BY

Tax Dept

February 21, 2020

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 Light Goods Vehicles (LGVS) And Electric Goods Passenger Vehicles (GPVS) With Maximum Laden Weight Of ≤3.5 Metric Tonnes 1. EV EARLY ADOPTION INCENTIVE FOR FULLY ELECTRIC CARS…

Read more

POSTED BY

Tax Dept

February 21, 2020

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 Non-Resident Public Entertainers (NRPEs) Lapse Of Angel Investors Tax Deduction (AITD) Scheme Rental Waiver For Hawkers Service And Conservancy Charges (S&CC) Rebate Additional Gst Voucher – U-Save…

Read more

POSTED BY

Tax Dept