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Webinar: Transfer pricing during economic slowdown

Webinar

As we are aware that the COVID -19 pandemic has had business make significant changes in the way they operate which will directly impact revenues and profits of an organization. Considering the cross border nature of global operations, any such adverse impact on revenues and profits of an organization would have transfer pricing related consequences. With this in mind, our tax leaders take this opportunity to discuss in detail some of these transfer pricing issues emanating from such business slowdowns as well as guide you on potential and practical resolution matters.

Webinar: Financial reporting and disclosures

Webinar

The COVID-19 outbreak since the start of 2020 has had an impact on almost all entities either directly or indirectly. Some of the worst-hit sectors are aviation, hospitality, and retail with more and more sectors coming under its radar with widespread lockdowns being enforced across the world. This webinar identifies key financial reporting areas that entities need to consider when determining the impact on their business, and on the results, financial position and disclosures in their financial statements.

Where were you when the music stopped?

COVID-19

Think of COVID-19 what you will, there is no doubt that the reactions to it by various governments around the world are going to have massive, possibly unprecedented, economic implications in due course.

Webinar: Solidarity Budget and COVID-19 support measures

Webinar

We cover the 3 budgets the Singapore Finance Minister has delivered in the recent months. These measures will ease cash flow for companies, allow more time to meet compliance obligations, and provide clarity on permanent establishment and tax residency issues.

2020 deferred tax provision

INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

This article sets out four key areas of your tax provision that could be affected by the impacts of COVID-19.

Solidarity Budget and COVID-19 support measures

Budget

Mr Heng Swee Keat, the Deputy Prime Minister and Minister for Finance, delivered the Solidarity Budget on 6 April 2020, the day before the COVID-19 circuit breaker measures commenced.

GST – reduce costs and release working capital

Indirect Tax

Whilst Deputy Prime Minister and Finance Minister Heng announced an estimate of nearly $60bn worth of welcome measures to support the economy through the Covid-19 pandemic in the “Resilience” and “Solidarity” budgets, many businesses will still be seeking further ways to reduce costs and improve their overall cashflow position.

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Certainty (or not) around capital gains

2020 Budget Changes in Context

Capital gains in Singapore are not taxed. This means that the distinction between whether a profit is on capital account or on revenue or trading account becomes critical.

GST cashflow savings – Major Exporter Scheme “MES”

Indirect Tax

Is your business substantially involved with the import and export of goods? Are you unnecessarily paying import GST and having to wait to file your GST return before you claim input tax credit for the import GST paid to Singapore Customs?

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Singapore Tax Facts

Tax

We have created a handy guide of Singapore Tax facts, to keep you up to date.

Transfer pricing during an economic slowdown

Transfer Pricing

Transfer pricing during economic slowdown

Singapore fund management structuring round-up

2020 BUDGET CHANGES IN CONTEXT

In the light of the long (long) awaited birth of the Singapore Variable Capital Company (VCC) in January 2020, it seems like an appropriate time to do a round-up of where we are with the various options now available for structuring a fund that is managed from Singapore.

Reactionary comments on the Singapore Budget 2025 from Grant Thornton

18 Feb 2025

Off the back of the Singapore Budget announcement by Finance Minister and Prime Minister Mr Lawrence Wong on 18 February 2025, experts from Grant Thornton Singapore share their thoughts.