by Willie Tan | Nov 1, 2024 | News, Tax
As outlined in Budget 2024, the government has introduced measures to help businesses manage rising expenses. For the Year of Assessment (YA) 2024, all companies, whether tax-resident or not, will receive a 50% CIT Rebate on their corporate tax payable. Additionally,...
by Willie Tan | Oct 15, 2024 | Tax
The Inland Revenue Authority of Singapore (IRAS) has introduced a new mandate for GST-registered businesses: the GST InvoiceNow Requirement. This initiative is part of Singapore’s broader push towards digital transformation and aims to streamline tax administration...
by Willie Tan | Aug 22, 2024 | Tax
Dutiable documents for share transfers encompass both physical and electronic formats: Share Transfer Contracts and Instruments These documents, executed upon share acquisition, incur Stamp Duty based on the higher of the actual price or net asset value....
by Willie Tan | Aug 1, 2024 | Tax
Whether you’re a new entrepreneur or an experienced business owner, grasping Singapore’s corporate tax landscape is vital. At only 17%, Singapore’s corporate income tax rate is among the lowest worldwide, making it an attractive destination for...
by Willie Tan | Jul 23, 2024 | Tax
Understanding the business expenses recognised by IRAS can significantly enhance your financial efficiency when launching a business in Singapore. This guide aims to help you maximise these benefits and support sustainable business growth. The objective is to ensure...
by Daryl Lum | May 9, 2024 | Tax
In Singapore, a Tax Identification Number (TIN) is a critical element for managing tax obligations and facilitating financial dealings, existing in various forms for individuals (either Tax Reference Number (TRN), National Registration Identity Card (NRIC) or Foreign...
