by Editor | Dec 1, 2021 | Taxation & GST
All companies in Singapore are required to file their tax returns every financial year. This filing of tax returns serves as a basis for the government to determine the income, expenses, and other significant tax information about an individual or company. Tax filing...
by Editor | Nov 16, 2021 | Taxation & GST
The impact of the COVID-19 pandemic continues to be felt by many sectors and industries in Singapore. The business sector, particularly, has been one of the hardest-hit sectors in the country, particularly affecting such industries as retail, food services,...
by Editor | Nov 5, 2021 | Taxation & GST
It has been more than two decades since Singapore last increased its Goods and Services Tax (GST) rate from 5% to 7%. In Budget 2018, it was announced that the Singapore government was planning yet another rate hike, but the date when the increase would take place was...
by Editor | Oct 7, 2021 | Taxation & GST
In an effort to make a push towards buying local, the government plans to make certain changes and extensions when it comes to the GST (Goods and Services Tax). However, because of the current economic challenges, these plans have been postponed and will most like...
by Editor | Sep 21, 2021 | Taxation & GST
The process of transfer pricing is regulated by the Inland Revenue Authority of Singapore (IRAS). There are certain guidelines promulgated by IRAS that businesses need to follow when doing transfer pricing. These guidelines have already undergone several changes over...
by Editor | Aug 12, 2021 | Taxation & GST
Every business in Singapore should be familiar with the Goods and Services Tax (GST). While GST is applicable to the import and provision of most goods and services, there are also some goods and services that are exempt from GST, or zero-rated goods and services...
