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Update on GST treatment for supply of media sales

Indirect Tax

The Inland Revenue Authority of Singapore (IRAS) has underlined how the GST treatment of media sales will change with effect from 1 January 2022. The changes are outlined in the e-Tax guide published on 11 June 2021, 'GST: Guide for Advertising Industry (Third Edition)'.

| 4 min read |

Webinar: Working internationally – are there any tax pitfalls?

Webinar

With “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.

OECD's two-pillar solution to address tax challenges arising from digitalisation of the economy

Tax

Find out more about the OECD’s statement on a two-pillar solution to address tax challenges arising from digitalisation of the economy

6 min read |

Tax facts 2021

Tax

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

7 min read |

Webinar: Avoid getting tangled in Missing Trader Fraud

Webinar

This webinar breaks down what you need to know about Missing Trader Fraud - from the Knowledge Principle, what IRAS expects of you with regards to your input tax claims, and how to protect yourself.

Time to end the love affair with real estate. Here are some ideas

Tax

David Sandison, Grant Thornton Singapore's Head of Tax, examines the influence of real estate on the economy and explores ways to bring in additional tax revenues and provide price stability.

5 min read |

Webinar: Demystifying Transfer Pricing

Webinar

This webinar will help you understand transfer pricing concepts introduced by the IRAS whilst also explaining its impact from corporate tax, personal income tax and GST perspectives.

Insights on the Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses (Fourth Edition)

Tax

The Inland Revenue Authority of Singapore has updated its circular “Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses (Fourth Edition)” on 31 March 2021. The March 2021 update has added a definition of translation differences and a new annex on frequently asked questions about the designated bank account for designated revenue purposes and the application of the de-minimis limit.

| 5 min read |

Transfer Pricing and Tax Authorities—a Singapore Perspective

Transfer Pricing

Munjal Almoula of Grant Thornton Singapore discusses the evolving approach of tax authorities worldwide to transfer pricing policies and audits, and considers the potential implications for the Singapore transfer pricing regime.

10 min read |

Webinar: Mergers and Acquisitions – the tax angle

Webinar

This webinar is a refresher and update on the tax aspects of M&A from the purchaser’s point of view, from the due diligence process through to post-deal restructuring issues that may be necessary to absorb the new acquisition.

New e-Tax Guide by IRAS - Transfer Pricing Guidelines on Centralised Activities in MNEs

Transfer Pricing

The IRAS has recently issued the e-Tax Guide - Transfer Pricing Guidelines Special Topic on Centralised Activities in Multinational Enterprise Groups (MNE). The guide published on 19 March focuses on analysing the importance of the centralised activities in Singapore and providing guidance on how to analyse these activities.

Beyond Budget 2021

Budget 2021 & Beyond

As a result of the many budgets in 2020, many stabilising measures deemed necessary to keep the country on its feet and help it find its way through the pandemic have already been announced and implemented.

Reactionary comments on the Singapore Budget 2025 from Grant Thornton

18 Feb 2025

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.