Key changes announced for individuals
Budget 2023Following the announcement of Budget 2023, we discuss the outcomes and tax changes announced in this year’s Budget that affect individuals.
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Key changes announced for businesses
Budget 2023Following the announcement of Budget 2023, we discuss the outcomes and tax changes announced in this year’s Budget that affect businesses.
Key changes announced for philanthropy, property and vehicles
Budget 2023Following the announcement of Budget 2023, we discuss the outcomes and tax changes announced in this year’s Budget.
Tax Risk Management & Control Framework for Corporate Income Tax
Corporate TaxThe Tax Risk Management & Control Framework for Corporate Income Tax, also known as CTRM, is meant for companies to voluntarily review their internal controls and risk management processes.
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4 min read
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25 Jul 2022
Tax Governance Framework (TGF)
TaxOn 17 February 2022, the IRAS introduced the Tax Governance Framework ("TGF"), alongside the Tax Risk Management & Control Framework for Corporate Income Tax (“CTRM”) for companies to demonstrate their good tax governance policy for corporate income tax, GST and withholding taxes. It is a voluntary compliance initiative that a company may participate in to demonstrate that it has good tax governance and tax risks management
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3 min read
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25 Jul 2022
The meaning of life, tax and the digital universe - an APAC perspective
Digital tokensDigital tokens, such as cryptocurrencies and NFTs, have established themselves as a new asset class in less than a decade. In this webinar, a panel of Grant Thornton tax Partners from Singapore, Australia, Hong Kong and India will discuss the impact digital tokens are having on tax (and vice versa) in their jurisdictions, and try to help decode some of the fundamental tax and accounting issues for players operating in this new universe.
Stricter criteria for family offices applying for tax incentives 13O and 13U
FundsThe Monetary Authority of Singapore (MAS) announced that single family offices will have to meet stricter criteria in order to qualify for the tax exemptions under sections 13O and 13U of the Income Tax Act (ITA). These new criteria will take effect for applications received from 18 April 2022 onwards.
The Complementarity Assessment Framework (COMPASS)
Global mobilitySingapore will be implementing a points-based evaluation system for Employment Pass (EP) applications starting from September 2023 under the new Complementarity Assessment Framework (Compass) which assesses applicant- and employer-based criteria such as salary, qualifications, diversity and support for local employment.
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3 min read
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11 Mar 2022
Webinar: Singapore Budget 2022 and Beyond
WebinarFollowing the announcement of Budget 2022, our experts discuss the outcomes and tax changes announced in this year’s Budget and look beyond Budget 2022.
How Singapore could respond to the Pillar Two model rules for domestic implementation of 15% global minimum tax
TaxIn this article, we summarise Pillar Two model rules that were released by the Organisation for Economic Co-operation and Development (OECD) on 20 December 2021. This is a continuation of the detailed implementation plan under the two-pillar solution to address the tax challenges arising from the digitalisation of the global economy in October 2021. We discuss how the rules may impact Singapore.
The annual GST check-in
GSTIn this piece, we list and detail a few key matters that businesses should consider now, and over the next few months, and what should be done to remain GST compliant. Review your internal controls to mitigate any historic GST risks and give your senior management confidence in your tax reporting.
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4 min read
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18 Jan 2022
Webinar: Asian supply chain disruptions and transfer pricing trends
WebinarWith “working from anywhere” becoming more commonplace, this two-part webinar series breaks down potential corporate and personal tax risks. From permanent establishments to where your employees need to pay tax, find out how you can mitigate the risk or limit their impact.
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Reactionary comments on the Singapore Budget 2025 from Grant Thornton
18 Feb 2025Off 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.
Partner - Employer Solutions and Private...
Partner - Corporate Tax
Transfer Pricing Leader
Indirect Tax Leader