The Singapore Enhanced Carry-Back Relief System
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 Business Complexity Ranking and remains…
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Tax Dept
Quick Guide: Singapore Budget 2020 Corporate Income Tax Rebate
The COVID-19 crisis has adversely impacted the global economy and Singapore companies and businesses were also negatively impacted by the various circuit breaker measures implemented. The Singapore government has since announced various support schemes in the income tax rebate and reliefs area for YA2020. The schemes were first announced in the annual 2020 Budget speech,…
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Tax Dept
Quick Guide: Singapore Budget 2020 Personal Tax Relief Measures
COVID-19 has adversely impacted the global economy just as Singapore companies and businesses suffered negative by the various circuit breaker measures implemented. This has also mainly affected the livelihoods of many Singaporeans as many faced the prospect of retrenchment and lower-income. The Singapore government has since announced various support schemes for individuals and households. The…
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Tax Dept
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.…
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