Insights

Find out more about the OECD’s statement on a two-pillar solution to address tax challenges arising from digitalisation of the economy

As markets emerge from COVID-19 lockdowns, the financial services sector is taking stock of the pandemic’s impact, and future working practices. Against this backdrop, female Grant Thornton partners working with financial services clients around the globe share their perspectives on advancing female leaders in the sector, and enabling financial services businesses to realise the performance benefits of an inclusive culture.

A handy guide of Singapore Tax facts, to keep you up to date of the tax rates and conditions.

The Inland Revenue Authority of Singapore has updated its circular “Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses (Fourth Edition)” on 31 March 2021. The March 2021 update has added a definition of translation differences and a new annex on frequently asked questions about the designated bank account for designated revenue purposes and the application of the de-minimis limit.

Munjal Almoula of Grant Thornton Singapore discusses the evolving approach of tax authorities worldwide to transfer pricing policies and audits, and considers the potential implications for the Singapore transfer pricing regime.

Professional services firms will have no doubt conducted numerous surveys among employees in recent months to gauge wants and expectations post-COVID. For most, the message has been resounding…

This guide to doing business in Singapore will provide the reader with an insight into the key aspects of investing and undertaking business in Singapore.

Despite weaker global optimism and increasing trade barriers, technology and growth potential are driving businesses internationally. Growth companies expanding into new markets have always needed to

With the possibility of a no-deal Brexit and a general election looming large in 2019, now is a good time to take stock of what that might mean for tax policy and more importantly, what impact any proposed changes could have for you.

This guide to doing business in Singapore will provide the reader with an insight into the key aspects of investing and undertaking business in Singapore.

Following a period of heightened optimism and strong economic growth, the outlook for businesses in 2019 is markedly more reserved as the global economic cycle cools and political uncertainty begins to bite, according to the latest research from Grant Thornton’s International Business Report (IBR).

The global mobility environment is changing rapidly. Businesses and their employees working internationally are faced with a complex web of regulations and laws.

Singapore is amongst the earliest non OECD countries to adopt and consistently implement the OECD BEPS Actions. This signing of the Multilateral Convention is a further commitment towards ensuring that profits should be attributable to the jurisdiction in which the activities occur that give rise to the profits.

In the push to become transparent, businesses are disclosing vast swathes of information about themselves – yet many are becoming more opaque as a result.

On International Women’s Day, a new report based on Grant Thornton’s annual survey of 5,500 businesses in 36 economies reveals that the proportion of senior business roles held by women in APAC has risen from 23% in 2016 to 25% in 2017. In Singapore, the number is 30%, moving from 26% last year.

As of next year, beginning 1 January 2018 a non-established of services not solely subject to the place of recipient principle in Switzerland and Liechtenstein has to register for VAT, unless the non-established business can prove that its worldwide annual revenue from supplies is less than CHF 100,000. This revenue threshold was previously limited to the territory of Switzerland and Liechtenstein and is newly extended to worldwide scope.