Under this scheme, employers submit the employment income information of their employees to IRAS electronically.
In this session, we will discuss • Types of payments that are subject to withholding tax in Singapore. • The withholding tax mechanism • Interaction of double tax agreements with the domestic withholding tax rules • Common pitfalls
Our tax manager Jeremy O'Neill led a session on GST issues related to cross border services
The IRAS recently issued a set of guidelines that enable tax-payers flexibility in defending their transfer pricing arrangements where their business operations / financial positions have been impacted by Covid-19.
Tax authorities are reviewing and enacting changes to provide relief to affected taxpayers, find out the latest tax changes for Individuals and employers.
Due to the impact of COVID-19, businesses have had to incur additional costs to adjust to new work requirements and facilitate remote working. Recently, the Inland Revenue Authority of Singapore (“IRAS”) clarified the rules on the claiming of input tax in respect of certain COVID-19 related costs.
Our tax manager Jeremy O'Neill led a session on GST issues related to cross border services
Even as restrictions are gradually eased, there continues to be considerable uncertainty over the risks, circumstances and comparables used to determine arm’s length transfer prices.
For Chinese employees working in China and elsewhere, new developments not initially accompanied by an official notice from the China tax authorities raises questions and challenges.
The objective of this webinar is to discuss iterative business models within the industry and explore typical tax issues that could emanate from these operating models that tax heads / financial controllers should be aware of.
The objective of this webinar is to discuss iterative business models within the industry and explore typical tax issues that could emanate from these operating models that tax heads / financial controllers should be aware of.
Our Head of Tax David Sandison will be leading a session on the fundamentals and building blocks for International structuring. To help you navigate tax structuring, David will be covering: what are the different bases of taxation in an international context, and how do they interact? what is the importance (or otherwise) of tax residence? how can tax treaties help me? what are the building blocks of structuring cross-border investments? what are the current trends in tax planning, and does it have a future?
Is your business substantially involved with the import of goods into Singapore? 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?
The economic ramifications of the COVID-19 pandemic are huge, diverse, and far-reaching. When uncertainty is the new normal, standing still isn’t an option. Grant Thornton has summarised the five areas that businesses need to focus on during this unprecedented time.
The Inland Revenue Authority of Singapore (IRAS) has recently issued two guides on the topic, one for GST, the other for Income Tax. We now have the full set, hence the purpose of this article. The aim is not to explain the detail. Rather it is to set the context in which the detail is applied.
Mr Heng Swee Keat, the Deputy Prime Minister and Minister for Finance, delivered the Fortitude Budget on 26 May 2020, a week before transiting into Phase 1 of the post COVID-19 circuit breaker measures.