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income tax singapore

Home/Posts/Tag: income tax singapore

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 [...]

Singapore Guide: ISCA FRB 6 – Accounting for Jobs Support Scheme

By |2020-06-30T21:06:38+08:00June 30th, 2020|Featured, Guides|

This year, the COVID-19 pandemic has inevitably adversely impacted the global economy. Singapore companies and businesses were negatively impacted by this health crisis and the consequent circuit breaker measures implemented to prevent the spread of the virus. The Singapore government has thus announced various support schemes in the form of [...]

Quick Guide: Tax Deductions for Work-from-Home Expenses

By |2020-06-30T20:46:18+08:00June 30th, 2020|IRAS Tax Relief|

Earlier this month, the Inland Revenue Authority of Singapore (IRAS) has announced individuals may claim certain tax deductions on expenses incurred while performing work duties from home.  With circuit breaker rules progressively lifted, and as part of Singapore’s phase one reopening measures, many employees are starting to return to their [...]

Quick Guide: Income Tax for Foreigners and Returning Singaporeans

By |2020-05-29T13:55:00+08:00May 29th, 2020|Guides, IRAS Income Tax|

By law, individuals are required to file income tax returns and pay their annual income taxes to the Inland Revenue Authority of Singapore (IRAS). This applies to a majority of full-time employees in the country including Singaporean citizens, Permanent Residents (PRs) and foreigners deriving income in Singapore.  This year, the [...]

Singapore Tax Guide: Income Tax Act

By |2020-03-31T17:30:05+08:00March 31st, 2020|Guides, Income Tax Singapore|

Foreign companies looking to set up subsidiaries in Singapore should be well aware of the local corporate taxation laws. It is also vital for local business owners to keep abreast with the latest tax regulations in the country.  The Income Tax Act of Singapore is the law that governs both [...]

Personal Income Tax Rates in Singapore and in Asia

By |2020-03-31T17:00:04+08:00March 31st, 2020|Guides, Income Tax Singapore|

Individuals are required to file annual income tax returns to the Inland Revenue Authority of Singapore (IRAS) and pay income tax at the local prevailing personal income tax rate charged on chargeable income. This applies to Singaporean citizens (SCs) and to Permanent Residents (PRs) as well as foreigners deriving [...]

Tax Guide: Personal Income Tax Filing in Singapore

By |2020-03-26T21:48:39+08:00March 26th, 2020|Guides, IRAS Income Tax|

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 Budget 2020 – Individuals and Households

By |2020-02-21T19:00:02+08:00February 21st, 2020|Insights, Personal Taxation|

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 [...]