Certainty (or not) around capital gains
2020 Budget Changes in ContextCapital 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.
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GST cashflow savings – Major Exporter Scheme “MES”
Indirect TaxIs 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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20 Apr 2020
Singapore Tax Facts
TaxWe have created a handy guide of Singapore Tax facts, to keep you up to date.
Transfer pricing during an economic slowdown
Transfer PricingTransfer pricing during economic slowdown
Singapore fund management structuring round-up
2020 BUDGET CHANGES IN CONTEXTIn 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.
Non-resident tax election
Global mobility servicesFor 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.
Cloudy with a chance of complacency
TAXThe 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 end of Singapore’s Not Ordinarily Resident Scheme
TAXThe Not Ordinarily Resident (NOR) scheme was unexpectedly withdrawn from Singapore’s 2019 budget this year, effectively ending the most attractive incentive for foreign nationals with cross-border responsibilities to relocate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.
Say goodbye to the arm’s length principle
TAXAfter 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.
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.
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