COVID-19 has grounded thousands of planes, but the aviation industry can still take important steps to keep business alive.
Mr Heng Swee Keat, the Deputy Prime Minister and Minister for Finance, delivered the Fortitude Budget on 26 May 2020, a week before transiting into Phase 1 of the post COVID-19 circuit breaker measures.
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.
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.
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.
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.
This article sets out four key areas of your tax provision that could be affected by the impacts of COVID-19.
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.
Solutions for continuous robust compliance
As employees adjust to their “new normal,” global talent mobility is on hold for most and so employees may find themselves wondering how their current situation impacts their taxes. For businesses, addressing how to effectively manage compliance in new and complex international employment scenarios is just one of many pressing and challenging issues.
With the rising impact of COVID-19 being seen worldwide, all industries will face significant disruption to their supply chain, workforce and cashflow. When experiencing significant stress or distress, we recommend you focus everything you do around the management of cash.
The novel coronavirus (COVID-19) pandemic is spreading around the globe rapidly. Entities need to carefully consider the accounting implications of this situation.
We highlight various practical steps businesses can take to maintain stability, managing and mitigate insolvency risks during these uncertain times.
Singapore jurisdiction implications in relation to COVID-19 - we will be updating this as the government releases new guidance
How can you report COVID-19’s impact on your business? Here’s our 10 ten questions organisations need to ask to ensure that financial statements yet to be issued are presented fairly.
The Coronavirus COVID-19 situation continues to evolve and the advice to businesses on how to respond is constantly being updated.