by Editor | May 27, 2022 | Taxation & GST
In Singapore, the Value Added Tax (VAT) takes another form – the Goods and Services Tax (GST). GST is a type of consumption tax, which is levied on almost all supplies of goods and services in the country as well as on the import of foreign goods. There have already...
by Editor | May 5, 2022 | Taxation & GST
Businesses have long made adjustments to their transfer pricing strategies as a way to stay compliant with the arm’s length principle for the purpose of income tax. However, it is important to note that adjustments on transfer pricing could also have implications on...
by Editor | Apr 5, 2022 | Taxation & GST
As early as 2018, there were already plans to increase the Goods and Services Tax (GST) rate in Singapore. Finally, in the 2022 Budget Statement given by the Minister of Finance Mr. Lawrence Wong, one of the key points that was highlighted was the two-step hike in the...
by Editor | Mar 16, 2022 | Taxation & GST
The term “SPAC” has been causing quite a stir in the Singaporean market these days. This happened after the Singapore Exchange (SGX) finally announced the SPAC listing regulations in Singapore in September 2021, more than a decade since it first looked...
by Editor | Mar 2, 2022 | Taxation & GST
On February 8, 2022, Finance Minister Lawrence Wong delivered his Budget speech, which primarily focused on the tax changes that are to be expected in the coming months and years. One key highlight in the address is the delay of the anticipated increase in...
by Editor | Feb 24, 2022 | Taxation & GST
On February 18, 2022, Finance Minister Lawrence Wong delivered his first Budget speech, which involved several announcements connected to Singapore’s tax system. The primary goal of Budget 2022 is to enhance the country’s preparation for future challenges and...
