Insights

Singapore's 2025 Budget introduces two fund management tax incentives — FSI-FM Listing and FSI-FM SG Equities — to boost SGX listings and liquidity. But are these policies meaningful catalysts or cosmetic measures? David Sandison explores the ambition, limitations, and broader implications of these schemes.

In this alert, we summarise the gazetted GST changes and explore how they may impact businesses — from registration and invoicing obligations to transactional pricing and accounting for GST using the tax fraction. We also share our thoughts on how businesses can keep up with the steepening curve.

Explore a summary of the key highlights announced in the Singapore Budget 2025 revealed by Minister for Finance Lawrence Wong on 18 February 2025.

The Singapore Budget 2025 was announced by Prime Minister and Minister for Finance Lawrence Wong on 18 February 2025. This hub will be where you can get key takeaways and potential impacts from our tax experts, empowering businesses and individuals to make informed decisions.

Explore a summary of the key highlights announced in the Singapore Budget 2025 revealed by Minister for Finance Lawrence Wong on 18 February 2025.

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

All related party transactions should be conducted at arm's length, ie as if parties were unrelated.

Goods and Services Tax (GST) is the principal indirect tax in Singapore (akin to value-added tax in other countries).

Withholding tax is generally a final tax where the income in question is not derived from the provision of services.

Property tax is a tax levied on property ownership. The annual tax payable is a percentage of the annual value of the property, which is the gross amount for which the property is expected to be let out in that year.

Under the modified territorial basis of taxation, companies in Singapore are subject to tax on income accruing in or derived from Singapore and foreign income received or deemed received in Singapore from outside Singapore.

Individuals (resident and non-resident), are only liable to income tax in respect of income accruing in or derived from Singapore. The tax year is the calendar year.

Transfer pricing regulations by the Organisation for Economic Cooperation and Development (OECD) and Singapore have specific provisions to talk about intercompany service transactions. This article delves into what Singapore taxpayers need to know about service transactions under these regulations and highlights typical mistakes businesses may make.

OECD has released key transfer pricing guidance on Pillar 1 - Amount B report. With the evolving global tax landscape, it is vital for business to understand these initiatives to take appropriate actions to strengthen tax governance and mitigate tax risks.

Following the announcement of Budget 2023, we discuss the outcomes and tax changes announced in this year’s Budget that affect individuals.

Following the announcement of Budget 2023, we discuss the outcomes and tax changes announced in this year’s Budget that affect businesses.