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Doing Business in Singapore Tax
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Singapore Budget 2025
Singapore Budget 2025 Singapore Budget 2025
The Singapore Budget 2025 was announced by Prime Minister and Minister for Finance Lawrence Wong on 18 February 2025. This hub will be where you can get key takeaways and potential impacts from our tax experts, empowering businesses and individuals to make informed decisions.
19 Feb 2025
Doing business in Singapore
Doing business Doing business in Singapore
If you are planning on doing business in Singapore, this guide provides an overview of Singapore's investment environment. Learn more about common issues companies might face when expanding into Singapore and get insights on navigating the country's legal, accounting and tax landscape.
31 Jul 2024
InvoiceNow and the e-invoicing requirements in Singapore
GST InvoiceNow and the e-invoicing requirements in Singapore
The last decade has witnessed a growing trend for tax administrations leveraging technology and introducing e-invoicing as a means to streamline tax administration and tackle tax fraud and evasion. In Singapore, the Inland Revenue Authority of Singapore (IRAS) has just announced the the mandatory adoption of e-invoicing under their InvoiceNow initiative for newly GST-registered companies with the possibility of it being rolled out to all other GST-registered businesses.
Jeremy O’Neill
Jeremy O’Neill
| 4 min read | 07 May 2024
Trending articles
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Chetan Hans
| 14 Oct 2020
Funds Stricter criteria for family offices applying for tax incentives 13O and 13U
David Sandison
Michelle Chiang
| 8 min read | 22 Apr 2022
Payroll CPF rules are changing in September, time to review your payroll
Adrian Sham
Ruiyuan Tan
Justina Hussain
| 5 min read | 07 Aug 2023
The OECD's detailed implementation plan and what it may mean for Singapore
Tax The OECD's detailed implementation plan and what it may mean for Singapore
The OECD/G20 Inclusive Framework announced more details in the implementation of the two-pillar solution to address the tax challenges arising from the digitalisation of the economy. In this article, we explain what's been agreed to as part of the implementation plan and how each pillar may impact Singapore.
David Sandison
David Sandison
| 4 min read | 25 Oct 2021
The Global Minimum Corporate Tax and What It Means for Singapore
Interview The Global Minimum Corporate Tax and What It Means for Singapore
In the OECD’s latest announcement, the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting has released more details on the implementation of the two-pillar solution to address tax challenges arising from the digitalisation of the economy. The Two-Pillar Solution is aimed at ensuring multinational enterprises (MNEs) will be subject to a minimum tax rate of 15%, and will re-allocate profit of the largest and most profitable MNEs to countries worldwide.
David Sandison
David Sandison
| 1 min read | 15 Oct 2021
Updates to the Avoidance of Double Tax Agreement between Singapore and Indonesia
Tax Updates to the Avoidance of Double Tax Agreement between Singapore and Indonesia
In this piece, we highlight the new articles introduced in the updated Avoidance of the Double Tax Agreement (DTA) between Singapore and Indonesia. These updates will be effective from 1 January 2022.
5 min read | 15 Sep 2021
Extension of the GST regime - taxing remote services
Indirect Tax Extension of the GST regime - taxing remote services
This update focuses on GST on services provided remotely and the resulting compliance obligations and GST treatment. This is part of the extension of the Singapore regime for Goods and Services Tax and will take effect from 1 January 2023.
Jeremy O’Neill
Jeremy O’Neill
| 6 min read | 27 Aug 2021
Singapore Transfer Pricing Regulations—Winds of Change
Transfer Pricing Singapore Transfer Pricing Regulations—Winds of Change
New transfer pricing guidelines have been published in Singapore, consolidating earlier guidance. Munjal Almoula of Grant Thornton Singapore looks at the amendments and updates, including a significant change which seems to indicate an increased focus by the Inland Revenue Authority on transfer pricing issues.
6 min read | 24 Aug 2021
Extension of the GST regime – taxing low value goods
Indirect Tax Extension of the GST regime – taxing low value goods
This update focuses on GST on low value goods and the resulting compliance obligations and GST treatment. This is part of the extension of the Singapore regime for Goods and Services Tax and will take effect from 1 January 2023.
Jeremy O’Neill
Jeremy O’Neill
| 7 min read | 24 Aug 2021
IAS 36 - Scope and structure of IAS 36
INTERNATIONAL FINANCIAL REPORTING STANDARDS IAS 36 - Scope and structure of IAS 36
This article looks at the scope of the impairment review (ie the types of assets that are included) and how it is structured (ie the level at which assets are reviewed).
19 Aug 2021
IAS 36 - If and when to undertake an impairment review
INTERNATIONAL FINANCIAL REPORTING STANDARDS IAS 36 - If and when to undertake an impairment review
This article explains if and when a detailed impairment test as set out in IAS 36 is required.
19 Aug 2021
IAS 36 - Overview of the Standard
INTERNATIONAL FINANCIAL REPORTING STANDARDS IAS 36 - Overview of the Standard
This article provides an ‘at a glance’ overview of IAS 36’s main requirements and outlines the major steps in applying those requirements.
19 Aug 2021
Update on IRAS e-Tax Guide Transfer Pricing Guidelines (Sixth Edition)
Transfer Pricing Update on IRAS e-Tax Guide Transfer Pricing Guidelines (Sixth Edition)
On 10 August 2021, the Inland Revenue Authority of Singapore released an update to its transfer pricing e-Tax Guide. In this piece, we highlight significant changes in the updated guide and how it impacts your business.
My Hanh Tran
My Hanh Tran
| 6 min read | 12 Aug 2021
Update on GST treatment for supply of media sales
Indirect Tax Update on GST treatment for supply of media sales
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)'.
Jeremy O’Neill
Jeremy O’Neill
| 3 min read | 06 Aug 2021
Webinar: Working internationally – are there any tax pitfalls?
Webinar Webinar: Working internationally – are there any tax pitfalls?
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.
29 Jul 2021
OECD's two-pillar solution to address tax challenges arising from digitalisation of the economy
Tax OECD's two-pillar solution to address tax challenges arising from digitalisation of the economy
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 | 07 Jul 2021
Gender parity in financial services: an opportunity for cultural change
DIVERSITY IN BUSINESS Gender parity in financial services: an opportunity for cultural change
As markets emerge from COVID-19 lockdowns, the financial services sector is taking stock of the pandemic’s impact, and future working practices. Against this backdrop, female Grant Thornton partners working with financial services clients around the globe share their perspectives on advancing female leaders in the sector, and enabling financial services businesses to realise the performance benefits of an inclusive culture.
8 min read | 21 Jun 2021
Tax facts 2021
Tax Tax facts 2021
A handy guide of Singapore Tax facts, to keep you up to date of the tax rates and conditions.
7 min read | 14 Jun 2021
Webinar: Avoid getting tangled in Missing Trader Fraud
Webinar Webinar: Avoid getting tangled in Missing Trader Fraud
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.
09 Jun 2021
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