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 Guide: Singapore Capital Allowances
By law, 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 local corporate tax rate charged on chargeable income. To help Singapore companies and businesses remain competitive by global standards, the local government offers various tax relief, deductions…
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Quick Guide: Singapore Corporate Tax Form C and C-S
Filing Singapore corporate tax returns for YA2020 will be a little bit different compared to previous years, due in part to complications brought about by the COVID-19 pandemic. The corporate tax season just opened this month and IRAS is set to receive corporate tax filings for YA2020. Singapore companies and local business owners should take…
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Corporate Income Tax YA2020: Key Changes
Corporate tax filing season is kicking off in Singapore and accountants and companies should start preparing their financial documents to make sure they comply with this year’s deadline. In the previous months affected by the COVID-19 pandemic, the Inland Revenue Authority of Singapore (IRAS) has introduced a set of one-time measures to cushion the impact…
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Singapore Guide: ISCA FRB 5 – Accounting for Property Tax Rebate
The COVID-19 pandemic has adversely impacted the global economy, hitting Singapore companies and businesses affected by preventive circuit breaker measures implemented in the country. The Singapore government has since announced various support schemes in the form of income tax rebate and reliefs for FY2020. Among these measures is the property tax rebate extended to commercial…
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