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Senior Tax Counsel’s Report

Senior Tax Counsel’s Report

TRANSFER PRICING – A simple topic; some complex solutions! This week, in the spirit of The Tax Summit’s week of innovative and educational sessions, I thought I might try something a little different – a short, simple review for beginners of a complex topic. The topic...

IASB Releases Consultation on Goodwill and Impairment

IASB Releases Consultation on Goodwill and Impairment

The International Accounting Standards Board (IASB) is exploring how to help investors hold companies to account for acquisitions and improve the accounting for goodwill. A Discussion Paper titled Business Combinations—Disclosures, Goodwill and Impairment was released...

OECD Covid-19 Tax Treaty

OECD Covid-19 Tax Treaty

On 3 April 2020, the Organisation for Economic Co-operation and Development (OECD) published on its website an OECD Secretariat Analysis of Tax Treaties and the Impact of the COVID-19 Crisis (the guidance). Governments around the globe are taking increasingly...

簡評台灣境外資金課稅概況暨新境外資金 匯回專法介紹

簡評台灣境外資金課稅概況暨新境外資金 匯回專法介紹

近年國際間反避稅、反洗錢、反資助恐怖主義及反貪腐呼聲高漲,各稅區政府愈加重視資訊交換,採行 如金融機構共同申報準則(Common Reporting Standard, CRS)、移轉訂價三層文檔等規定。台灣地區已通過 對法人的反避稅措施—受控外國公司(Controlled Foreign Company, CFC) 與實際管理處所(Place of Effective Management, PEM) 法令及個人CFC 條文作為配套。此外,免稅天堂經濟2019 年起陸續立法引進經濟實質新 規(Economic Substance...

New Tax Deduction of Three Additional Types of Intellectual Property Rights Reignites the Controversies Surrounding Sections 16EC(4)(b) and 39E(1)(b)(i) of the Inland Revenue Ordinance

New Tax Deduction of Three Additional Types of Intellectual Property Rights Reignites the Controversies Surrounding Sections 16EC(4)(b) and 39E(1)(b)(i) of the Inland Revenue Ordinance

Three New Types of Specified Intellectual Property Rights Now Eligible for Tax Deductions The Inland Revenue (Amendment) (No. 5) Ordinance 2018 has recently been enacted to grant tax deductions for three new types of specified intellectual property rights (“IPRs”),...

Be Cool and Clear on the CPF Act

Be Cool and Clear on the CPF Act

The Central Provident Fund (CPF) Board has stepped up enforcement inspections on employers in recent years. Nearly S$2.7 billion in CPF arrears were recovered from employers within a five-year period from 2014 to 2018, whether through desktop audits, on-site audits or...

Tax Arrests And More

Tax Arrests And More

Promoting Tax Excellence by SIATPPage | 1Since the commencement of the Income Tax (Amendment) Act 2018and the Goods and Services Tax (Amendment) Act 2018on 12 November 2018 and 1 January 2019 respectively, the power of the Inland Revenue Authority of Singapore (IRAS)...

Impact of COVID19 on BV – Global perspectives

Impact of COVID19 on BV – Global perspectives

 The iiBV, in collaboration with the International Valuation Standards Council, (IVSC), Institute of Valuers and Appraisers, Singapore (IVAS), Duff & Phelps, and Leadenhall is pleased to present “Impacts of COVID 19 on Business Valuations - Perspectives from...

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