by Willie Tan | Apr 14, 2024 | Glossary
In Singapore, Form M refers to the “Income Tax Return for a Non-Resident Individual” or “Form M”. This form is used by individuals who are not considered tax residents of Singapore but have earned income from Singapore sources that are subject...
by Willie Tan | Apr 14, 2024 | Glossary
The Urban Redevelopment Authority (URA) is Singapore’s national urban planning and development authority. Established in 1974, the URA is responsible for planning and regulating land use, urban development, and conservation efforts in Singapore to ensure...
by Willie Tan | Apr 14, 2024 | Glossary
A will is a legal document that outlines a person’s wishes regarding the distribution of their assets and the management of their affairs after death. A will allows individuals to specify how they want their property, possessions, and other assets to be...
by Willie Tan | Apr 14, 2024 | Glossary
A trust is a legal arrangement in which one party, known as the settlor or grantor, transfers ownership of assets to another party, known as the trustee, to hold and manage on behalf of designated beneficiaries. Trusts are established for various purposes, such as...
by Willie Tan | Apr 14, 2024 | Glossary
A tax-deductible expense refers to a cost that can be subtracted from a taxpayer’s gross income when calculating their taxable income, thereby reducing the amount of income subject to taxation. Tax deductions are authorised by tax laws and regulations and...
by Willie Tan | Apr 14, 2024 | Glossary
A virtual office is a service that provides businesses with a professional business address, telephone answering, mail handling, and other administrative support without a physical office space. Such services are typically offered by specialised providers who lease...
