Quick Guide: Singapore Tax Clearance and Circuit Breaker Measures
By law, Singapore employers are required to submit tax clearance forms to the Inland Revenue Authority of Singapore (IRAS) for foreigners and employees who plan to cease their employment and leave the country. Tax clearance involves notifying IRAS and submitting the final tax payable computation to the Authority. If the employee is posted overseas or…
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Tax Dept
Circuit Breaker Measures for Singapore Company Audit Practices
The ongoing COVID-19 pandemic and corresponding Circuit Breaker regulations have had a major impact on many companies and businesses, not just financially but also in administrative matters. Statutory requirements and financial audit practice are no exemption to these operational measures and changes in Singapore. In recognition of these administrative complications key financial institutions in the…
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Paul Wan & Co
Safety Measures for IRAS Income Tax Filing YA2020
The Singapore tax season traditionally starts in March to April when annual tax filing begins for both nationals and foreigners. However, the recent health emergency triggered by the coronavirus outbreak has caused changes to deadlines and affected this year’s tax payments, filing procedures, and schedules. In this regard, the Inland Revenue Authority of Singapore (IRAS)…
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