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iras income tax

Home/Posts/Tag: iras income tax

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 [...]

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: IRAS Auto-Inclusion Scheme (AIS) for Employers

By |2020-05-29T13:55:07+08:00May 29th, 2020|Guides, IRAS Income Tax|

The Auto Inclusion Scheme (AIS) is a tax scheme geared towards Singapore employers and administered by the Internal Revenue Authority of Singapore (IRAS). It allows employers to submit the income tax information of their employees electronically. The purpose of this scheme is to facilitate the calculation of income taxes for [...]

How to Pay Income Tax in Singapore for Nationals and Foreigners

By |2020-05-29T18:28:39+08:00April 29th, 2020|Guides, Income Tax Singapore|

Many local accountants are frequently questioned about the process of paying income tax in Singapore. By law, all individuals who receive income from their activities in Singapore must file and pay their taxes to the Inland Revenue Authority of Singapore (IRAS), unless they qualify for an exemption. The following two [...]

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 [...]

Singapore Budget 2020 – Corporate and Businesses

By |2020-06-30T20:56:29+08:00February 21st, 2020|Corporate Income Tax, Insights|

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 [...]

Singapore Corporate Income Tax Rebates

By |2020-02-18T18:45:37+08:00February 18th, 2020|Guides, IRAS Income Tax|

All Singapore companies are required to file annual income tax returns to the Inland Revenue Authority of Singapore (IRAS) and pay income tax at the prevailing Singapore corporate tax rate charged on chargeable income. A one-off corporate tax rebate may be granted for each Year of Assessment (YA) to reduce [...]

Corporate Income Tax Exemption schemes in Singapore

By |2020-02-18T18:19:23+08:00February 18th, 2020|Guides, IRAS Income Tax|

By Singaporean law, all companies in Singapore are required to file annual income tax returns to the Inland Revenue Authority of Singapore (IRAS) and pay income tax at the prevailing corporate tax rate applied to chargeable income.  IRAS has put in place tax exemption schemes that are designed to reduce [...]