by admin | Mar 27, 2024 | Glossary
In the context of taxation in Singapore, the term “Year of Assessment” (YA) refers to the specific fiscal year in which an individual or company’s income is assessed for tax purposes. Understanding the concept of YA is essential for individuals and...
by admin | Mar 27, 2024 | Glossary
In the realm of taxation, zero-rated supplies refer to goods or services that are taxable at a rate of zero per cent, meaning that although they are subject to value-added tax (VAT) or goods and services tax (GST), the tax rate applied is effectively zero....
by admin | Mar 27, 2024 | Glossary
A Zero-Rised Financial Statement refers to a financial statement where all values, typically monetary amounts, are represented as zero. This practice is not a common occurrence in standard financial reporting, but it can be utilized for specific analytical or...
