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.
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?
We have created a handy guide of Singapore Tax facts, to keep you up to date.
Transfer pricing during economic slowdown
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.
For Singapore citizens based overseas, the lapse of non-resident tax election means a potential exposure to Singapore income tax if they travel to Singapore for any business purposes.
The OECD’s latest proposals on taxing digital business pull back from the radical roadmap put forward in May to something much closer to the January policy note by proposing a modified residual profit split with benchmarking of routine profits. What then do the latest OECD proposals say, what do they leave open and what are the risks that need to be addressed?
The Not Ordinarily Resident (NOR) scheme was unexpectedly withdrawn from Singapore’s 2019 budget this year, effectively ending the most attractive incentive for foreign nationals with cross-border responsibilities to relocate to Singapore.
After a slow and tentative start, the OECD’s push for a solution on how to allocate and tax the profits from digital business is gathering momentum.
Grant Thornton and LCN Legal presented a joint webinar to help you understand the transfer pricing environment in three key countries in Asia.
What does blockchain really mean for tax compliance and management within your business? What are the main risks and opportunities? How can you begin preparing for the shake-up ahead?
As the world shifts from direct to indirect taxation, how do you manage the hidden complexities?
Following Monday's Budget announcement, our Tax leaders shared their thoughts on the keys initiatives announced and other key changes that will effect businesses and individual both in Singapore and globally.