Singapore

Mon, 21 Mar 2022 00:00:00 GMT
Tax-News.com: OECD Releases E-Commerce VAT Toolkit For Asia-Pac States
On March 10, the OECD released a new VAT Digital Toolkit for Asia-Pacific (APAC) nations. The toolkit is intended to support local tax authorities to better collect value-added tax on e-commerce activities.

Mon, 21 Mar 2022 00:00:00 GMT
Tax-News.com: Singapore Adds To Guidance On ICAP Participation
The Inland Revenue Authority of Singapore (IRAS) has issued guidance for taxpayers on accessing the International Compliance Assurance Programme, a voluntary risk assessment and assurance program.

Mon, 21 Mar 2022 00:00:00 GMT
Tax-News.com: Singapore Targets A More Progressive Tax Regime In 2022 Budget
Singapore has announced personal income tax hikes and higher wealth taxes on the territory's wealthiest individuals, as well as plans to ramp up the territory's carbon tax, in its newly released Budget.

Thu, 20 Jan 2022 00:00:00 GMT
Tax-News.com: Singapore Expected To Hike Carbon Tax In 2022 Budget
Singapore's Minister of Finance has said Singapore will set out plans to hike its carbon tax in the 2022 Budget.

Wed, 5 Jan 2022 00:00:00 GMT
Tax-News.com: IRAS Updates GST Guidance On Impending Media Sales Changes
The Inland Revenue Authority of Singapore has released an update to its goods and services tax guide for the advertising industry.

Tue, 23 Nov 2021 00:00:00 GMT
Tax-News.com: Singapore Gazettes Legislation For 2021 Budget Changes
The Income Tax (Amendment) Bill 2021 was published in Singapore's Official Gazette on November 16, 2021, following approval earlier by Singapore's President.

Mon, 1 Nov 2021 00:00:00 GMT
Tax-News.com: Singapore To Implement Budget 2021 GST Reforms Unchanged
Following a consultation exercise, the Inland Revenue Authority of Singapore has said the territory intends to go ahead with various important goods and services tax regime changes without accepting amendments proposed by stakeholders.

Mon, 4 Oct 2021 00:00:00 GMT
Tax-News.com: Belt And Road Forum Agrees Digital Tax Admin Agenda
China has set out the priorities of the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM) Council over the next five years, at the 36-country grouping's second forum.

Wed, 15 Sep 2021 00:00:00 GMT
Tax-News.com: Singapore To Allow Taxpayers Longer To Report TP Adjustments
The Singaporean Government has announced it will amend provisions on transfer pricing adjustments in the draft Income Tax (Amendment) Bill 2021, which includes measures announced in the 2021 Budget, following a consultation.

Wed, 25 Aug 2021 00:00:00 GMT
Tax-News.com: Hong Kong Discusses US Termination Of Shipping Tax Pact
The Hong Kong Government has said it is looking at potential measures to support the shipping industry following the decision by the US Government to terminate the two territories' agreement that exempted shipping industry income from tax.

Wed, 9 Jun 2021 00:00:00 GMT
Tax-News.com: Singapore Issues Corporate Tax Return Filing Guidance
The Inland Revenue Authority of Singapore has released guidance for companies on filing a corporate income tax return this year.

Thu, 15 Apr 2021 00:00:00 GMT
Tax-News.com: Singapore Issues Advance Ruling On IP Rights Transfer
On April 1, 2021, the Inland Revenue Authority of Singapore issued a summary of an advance ruling concerning franchise income earned by a Singaporean company from licensing intellectual property rights.

Wed, 3 Mar 2021 00:00:00 GMT
Tax-News.com: Singapore Updates Tax Rules For Company Liquidations
The Inland Revenue Authority of Singapore has updated its guidance on the tax requirements for companies being liquidated and those under receivership.

Wed, 3 Mar 2021 00:00:00 GMT
Tax-News.com: Singapore Explains Changes To 2021 Tax Filing Rules
The Inland Revenue Authority of Singapore has said that it will be sending tax bills directly to certain taxpayers this tax filing season and will be simplifying filing arrangements for the self-employed.

Mon, 22 Feb 2021 00:00:00 GMT
Tax-News.com: Singapore Expands Business Tax Support Schemes In 2021 Budget
Singapore announced the extension of a number of support measures for businesses in its 2021 Budget, released on February 16, 2021.

Tue, 20 Oct 2020 00:00:00 GMT
Tax-News.com: OECD Indicates New Focus On Virtual Currency Tax Issues
The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets.

Fri, 24 Jul 2020 00:00:00 GMT
Tax-News.com: Singapore Launches Consultation On Income Tax Reforms
Singapore's Ministry of Finance has launched a public consultation on proposed corporate tax and income tax breaks.

Mon, 16 Dec 2019 00:00:00 GMT
Tax-News.com: Singapore, Germany Add BEPS Amendments To DTA
Singapore and Germany have signed a protocol to their double taxation agreement, which brings the treaty into line with international standards and amends the maximum withholding tax rates that may be charged.

Fri, 8 Nov 2019 00:00:00 GMT
Tax-News.com: New Zealand Tops World Bank's 'Doing Business' 2020
New Zealand is the easiest place in the world to do business, according to the World Bank's new Doing Business 2020 report, which looks at the simplicity of setting up, operating, and paying taxes in 190 territories around the world.

Fri, 8 Nov 2019 00:00:00 GMT
Tax-News.com: Singapore Announces Plans For GST Reforms
Singapore is to add provisions to draft legislation to enhance the new GST regime for imported services and clarify new rules for virtual currencies.

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