Corporate Taxation in Singapore

  • Singapore and Malaysia came to an agreement in 1968 to avoid double taxation. Another agreement was signed in 1973, which was placed into the text of the original treatment. The cooperation between the two countries aims to prevent two main things: Double taxation Fiscal evasion more

  • The Government of Singapore and the Republic of India, the Contracting States, signed an agreement on 20 April 1981, and the purpose was to avoid double taxation and also avoid fiscal evasion. Amendments have been made to the original agreement, with the full scope able more

  • Globalization has led to the question of trade and investment suffering from double taxation. Policy discussions are ongoing, discussing the harmful impact of aggressive tax planning and have led to discussions of double taxation agreement, the cornerstone being permanent establishment. Double taxation has led to more

  • Singapore has enacted customer accounting changes, for certain goods, that will go into effect on 1 January 2019. The new changes have been enacted in an attempt to deter fraud schemes and maintain Singapore's identity as a low-fraud country. Sellers often hide the GST collected, more

  • Taxpayers should comply with their tax obligations, but a select few taxpayers engage in tax evasion and fraud. These practices can lead to billions of lost revenue annually, putting strain on both the economy and other taxpayers. Sales Suppression Technology: The Basics Tax fraud can more

  • In November 2013, the Goods and Services Tax Amendment passed in Singapore. The Amendment, also known as the “Bill,” will result in several changes to the Singapore Goods and Services Tax that will affect both taxpayers and tourists. Anyone living in or visiting Singapore or more

  • As the commercial world becomes more closely knit and globalised, there is an urgent need for the tax administrations in each country to ensure that taxpayers pay the right amount of tax for income that arise in their jurisdiction. Cross border operations are now the more

  • This is the second part of the article Business Sale as a Going Concern. Certain supplies of assets pursuant to a transfer of business or part thereof as a going concern are treated as excluded transactions, i.e. they are treated as neither a supply of more

  • Business Sale - Tax issues on transfer of assets Business Sale requires the passing of title to assets from the Singapore company to the purchaser. The Singapore company’s assets may include land and/or premises, plant and machinery, stocks, debtors, intellectual property rights, goodwill, leasing, hire more

  • TAX RESIDENCE TEST For individuals, resident means “a person who, in the year preceding the year of assessment, resides in Singapore except for such temporary absences there from as may be reasonable and not inconsistent with a claim by such person to be resident in more

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