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By |2023-06-30T10:00:37+08:00March 6th, 2023|Taxation, Taxation|

We have pleasure in enclosing an extract of the Singapore Budget 2023 – Tax Changes and Enterprise Disbursement, from IRAS presented in Parliament on 14 February 2023 by Deputy Prime Minister and Finance Minister Lawrence Wong for your information. This year’s budget focus on “Moving Forward in New Era”, to [...]

Mr Paul Wan honored by International Accounting Bulletin

By |2021-10-25T16:20:23+08:00October 25th, 2021|News|

Morison KSi has announced that it has rebranded as Morison Global. This rebrand celebrates the association’s worldwide membership base of 150 member firms across more than 75 countries and immediately makes the brand internationally relevant. In 2020 the association released a new visual identity, and the name change is the [...]

Singapore Budget 2021 – Others

By |2021-05-12T19:16:09+08:00May 12th, 2021|Insights, Taxation|

NAVIGATION Enhancement of Electric Vehicle (EV) Early Adoption Incentive (EEAI) Transitional Offset Measures for Vehicles Using Petrol Revision to Petrol Duty Rates 1. ENHANCEMENT OF ELECTRIC VEHICLE (EV) EARLY ADOPTION INCENTIVE (EEAI) To encourage early adoption of EV, a 45% rebate on the [...]

Singapore Budget 2021 – Individuals and Households

By |2021-05-12T19:05:38+08:00May 12th, 2021|Insights, Personal Taxation|

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 Child Development Account, EDUSAVE Account, and Postsecondary Education Account Community Development Council Vouchers Scheme) Reduction in S Pass Sub-Dependency Ratio [...]

Singapore Budget 2021 – Goods and Services Tax (GST)

By |2021-05-12T19:09:19+08:00May 6th, 2021|Featured, Goods and Services Tax (GST), Insights|

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 Currently, the GST rate remained at 7%. GST rate is planned to increase from 7% to 9% between year [...]

Singapore Budget 2021 – Corporate and Business

By |2021-05-12T18:53:59+08:00April 29th, 2021|Corporate Income Tax, Featured, Insights|

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) Withdrawal of Accelerated Depreciation Allowances for Highly Efficient Pollution Control Equipment (ADA PCE) Scheme Extension of Option to Accelerate Eligible [...]

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Morison Global’s new Chair and Vice Chair

By |2021-12-08T16:54:46+08:00October 14th, 2020|PWCO Updates|

We would like to congratulate our managing partner, Mr. Paul Wan, to be elected to the position of chairmen of Morison KSi (Now known as Morison Global), our global network of 160 accounting firms in 85 different territories. Paul Wan has been elected Chair, and Mark Baran Vice-Chair, of the [...]

Quick Guide: Singapore Corporate Capital Gains Tax

By |2020-07-29T14:13:36+08:00July 29th, 2020|Capital Gains Tax Singapore|

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 to file annual income tax returns online to the Inland Revenue Authority of Singapore (IRAS) and pay income tax at [...]

The Singapore Enhanced Carry-Back Relief System

By |2020-07-29T14:12:54+08:00July 29th, 2020|IRAS Tax Relief|

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 offered by the Inland Revenue Authority of Singapore (IRAS) to maximize their tax savings.  Singapore has maintained a high Global [...]