Mumbai Tribunal clarifies the tax treaty benefit
TaxA recent case involving a Singapore investment bank serves as a reminder of the complexity of tax planning on cross-border transactions and interpretation of tax treaties by local tax authorities.
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Seizing opportunities with tax automation
TaxNew technology can free up tax professionals to take on a strategically influential role and generate the analytical insights and real-time information to support this. So how can a tax function take advantage of the changes ahead?
Tax Express - China VAT
TaxThe structure of the VAT rates in China have been simplified into three brackets.
Multilateral Convention (MLI)
TaxSingapore is amongst the earliest non OECD countries to adopt and consistently implement the OECD BEPS Actions. This signing of the Multilateral Convention is a further commitment towards ensuring that profits should be attributable to the jurisdiction in which the activities occur that give rise to the profits.
BEPS: Successes and setbacks
TaxAs most of the Base Erosion and Profit Shifting (BEPS) Action Plan is made up of best practice recommendations rather than ‘red line’ requirements, it was always going to be applied electively and in different ways from country to country.
Singapore Budget seminar 2017: Moving forward together
TaxSingapore Budget 2017 observations and analysis: Moving Forward Together seminar, hosted on Wednesday 8 March 2017.
Mandatory VAT Registration for Non-Established Businesses
TaxAs of next year, beginning 1 January 2018 a non-established of services not solely subject to the place of recipient principle in Switzerland and Liechtenstein has to register for VAT, unless the non-established business can prove that its worldwide annual revenue from supplies is less than CHF 100,000. This revenue threshold was previously limited to the territory of Switzerland and Liechtenstein and is newly extended to worldwide scope.
Singapore Budget 2017: Our observations and analysis
BUDGETFinance Minister, Mr Heng Swee Keat delivered the 2017 Singapore Budget yesterday afternoon. We’ve attached a Budget Summary to help you understand the initiatives that have been announced and how we believe it will impact businesses and individuals.
Getting up to speed with VAT/GST in emerging markets
TaxEmerging markets are at the forefront of the global shift from direct to indirect taxation. Reduced corporate tax rates in many countries and new or enhanced value-added-tax (VAT) or goods-and-services-tax (GST) are causing the shift.
Keeping track: Tax changes for mobile employees
TaxAcross a number of countries, the way internationally mobile employees are taxed is being shaken-up. This follows the G20/OECD-led Base Erosion and Profit Shifting (BEPS) Action Plan recommendations set out over a year ago.
Singapore releases e-Tax Guide on Country-by-Country Reporting
TaxA flurry of sign-ups in the first half of 2016 took the number of countries agreeing to introduce the minimum BEPS standards1, including country-by-country (CbC) reporting, beyond 80.
The impact of the OECD BEPS tax plan
TaxOur latest global survey found that businesses biggest concerns stemming from the Organisation for Economic Co-operation and Development’s (OECD’s) Base Erosion and Profit Shifting (BEPS) Action Plan are additional administrative burdens and cyber security. With the demand of information that will be required and the sharing expected across local and foreign governments, is this a big surprise? Probably not, but our survey surprising found that nearly one year after release 78% of businesses have not changed their planning approach to taxes.
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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