by Willie Tan | Aug 19, 2025 | Glossary
A basis period is the specific accounting period for which a business’s or individual’s profits are assessed for tax purposes. In Singapore, this is typically the financial year ending in the preceding calendar year for a particular Year of Assessment...
by Willie Tan | 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...
