Insights

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.

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).

This article explains if and when a detailed impairment test as set out in IAS 36 is required.

This article provides an ‘at a glance’ overview of IAS 36’s main requirements and outlines the major steps in applying those requirements.

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.

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)'.

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.

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

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.

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

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.

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.

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.

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.

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.

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.