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…
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Tax Dept
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% to 9% between year 2021 and 2025. This is necessary as the Minister foresee support in higher healthcare and other needs in the near future. In Budget 2020, the Finance Minister had unveiled that…
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Tax Dept
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 Carry-Back Relief Scheme Option To Accelerate Eligible Claim On Cost Of Plant And Machinery (P&M) Option To Accelerate Eligible Deduction On Renovation And Refurbishment (R&R) Expenses –…
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Tax Dept
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 Singapore Companies Act. These audits are conducted to preserve the accuracy of the financial statements issued by businesses within the country. In compliance with the…
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Paul Wan & Co
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 with the country’s statutory laws, Singapore companies must regularly submit their financial statements to a qualified auditor or registered public accountant for annual company audits…
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