157 articles available

Indirect Tax

GST – reduce costs and release working capital

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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2020 Budget Changes in Context

Certainty (or not) around capital gains

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.

Indirect Tax

GST cashflow savings – Major Exporter Scheme “MES”

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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Tax

Singapore Tax Facts

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

Transfer Pricing

Transfer pricing during an economic slowdown

Transfer pricing during economic slowdown

2020 BUDGET CHANGES IN CONTEXT

Singapore fund management structuring round-up

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.

Global mobility services

Non-resident tax election

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.

TAX

Cloudy with a chance of complacency

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?

TAX

The end of Singapore’s Not Ordinarily Resident Scheme

The Not Ordinarily Resident (NOR) scheme was unexpectedly withdrawn from Singapore’s 2019 budget this year, effectively ending the most attractive incentive for foreign nationals with cross-border responsibilities to relocate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.

TAX

Say goodbye to the arm’s length principle

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.

Back to Basics

Back to Basics 2019 - Withholding tax

Back to Basics 2019 - Withholding tax

Tax

Singapore Tax Facts

Singapore Tax facts 2019

18 Feb 2025

Reactionary comments on the Singapore Budget 2025 from Grant Thornton

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.

    Contact us for more information

    Adrian Sham

    Partner - Employer Solutions and Private Clients

    Eng Min Lor

    Partner - Corporate Tax

    Alex Yam

    Transfer Pricing Leader

    Jeremy O’Neill

    Indirect Tax Leader