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 19, 2019. On the other hand, individual taxpayers are required to submit their income tax filing by April 2020 for income earned during the year 2019.…
Read more
POSTED BY
Tax Dept
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, digital collectables, intellectual property and works of art and this list is by no means exhaustive. If you are a resort developer contemplating a blockchain-based…
Read more
POSTED BY
Dev Team
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 myriad types of Ledgers found within the Blockchain environment. As can be expected with any new technology, industry-specific nomenclature has evolved quite rapidly to describe…
Read more POSTED BY
Dev Team
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, trading, renting and exchanging. The Sharing Economy is typically defined by two key elements. Firstly, an online platform which connects buyers with sellers or a…
Read more POSTED BY
Dev Team
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 when the Singapore Income Tax Department started its operations as part of that year’s Income Tax Ordinance. Since then, the institution has evolved until it was…
Read more POSTED BY
