Every company in Singapore should know about the Tax Identification Number (TIN), a crucial part of the country’s tax system. This is especially true for those businesses struggling to sort…
Navigating corporate tax compliance in Singapore is essential for any business operating in the city-state. While its tax system is well-regarded for its simplicity and competitiveness, failing to meet corporate…
Need to have an easier process of understanding the GST refund in Singapore? We have simplified the corporate GST refund claim process for businesses. In this article, learn about the…
Filing Goods and Services Tax (GST) returns (GST F5/F7/F8) is a crucial part of the compliance process for applicable companies in Singapore. The Inland Revenue Authority of Singapore (IRAS) mandates…
Transfer Pricing adherence in Singapore is not just complex; it is compulsory and stringently enforced. While companies may not need to submit transfer pricing documentation along with their corporate tax…
Singapore’s tax regime is renowned for its competitive rates and clarity, making it an attractive destination for international businesses. A critical aspect that foreign companies engaging with Singapore need to…
Singapore’s tax framework is tailored to support and enhance international business activities by eliminating the risk of double taxation. Recognising that double taxation can deter cross-border trade and unfairly penalise…
With approximately $5.4 trillion worth of assets under management (AUM) and 1,000 registered and licensed fund managers in Singapore, fund management is a significant part of the global financial industry….
The global battle for talent has been a little more heated since September 2022, with Malaysia announcing its Premium Visa Programme (PViP) aimed at attracting "global tycoons". But with 75%…
In mid-2022, the New York Stock Exchange (NYSE) and the Singapore Exchange (SGX) announced a collaboration to dual-list companies on both exchanges. This agreement seeks to create an interconnected ecosystem…
February 14th may not traditionally be associated with fiscal policy, but nonetheless, Deputy Prime Minister and Minister for Finance, Mr Lawrence Wong, presented a budget that promised to sweeten the…
Singapore’s personal income tax rate is one of the lowest in the world. It is the key component of the country’s tax system. Thereby, to determine how much income tax…
Singapore is renowned for its status as a tax haven with one of Asia’s most attractive corporate tax systems. However, it does not eliminate the need to file their corporate…
Companies in Singapore must pay their corporate taxes, but they also need to file them before making payment. How does the filing process go, especially if you are unfamiliar with…
How do related entities decide on the appropriate prices for business transactions that take place internally? One internationally used method to determine this is transfer pricing. Let us look at…
When it comes to corporate taxes, businesses have a lot to think about. On one hand, they want to make sure they’re doing everything possible to minimise their tax burden….
On 18th February 2022, Singapore’s Finance Minister, Lawrence Wong, presented his first National Budget to Parliament, with the overarching theme of ‘Charting Our New Way Forward Together’. This budget serves…
The last few Singapore Budgets have been somewhat of a mad whirl to make sure that both people and businesses weren’t drowned in the wake of the global pandemic. That…
Guide your decision-making with the infographic below. We measure indicators ranging from Demography, Company Incorporation Process, Corporate Tax Rate, Internet Speed to IP Protection Laws in both countries.
Coming at the back of the worst-ever recession and amid looming uncertainties, the Singapore Budget 2021 includes a S$11 billion COVID-19 Resilience Package to provide continued support to businesses in…
