Singapore News

Singapore To Allow Taxpayers Longer To Report TP Adjustments

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, September 15, 2021

The Singaporean Government has announced it will amend provisions on transfer pricing adjustments in the draft Income Tax (Amendment) Bill 2021, which includes measures announced in the 2021 Budget, following a consultation. Read Full Story

Hong Kong Discusses US Termination Of Shipping Tax Pact

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, August 25, 2021

The Hong Kong Government has said it is looking at potential measures to support the shipping industry following the decision by the US Government to terminate the two territories' agreement that exempted shipping industry income from tax. Read Full Story

Singapore Issues Corporate Tax Return Filing Guidance

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, June 9, 2021

The Inland Revenue Authority of Singapore has released guidance for companies on filing a corporate income tax return this year. Read Full Story

Singapore Issues Advance Ruling On IP Rights Transfer

by Mary Swire, Tax-News.com, Hong Kong

Thursday, April 15, 2021

On April 1, 2021, the Inland Revenue Authority of Singapore issued a summary of an advance ruling concerning franchise income earned by a Singaporean company from licensing intellectual property rights. Read Full Story

Singapore Updates Tax Rules For Company Liquidations

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, March 3, 2021

The Inland Revenue Authority of Singapore has updated its guidance on the tax requirements for companies being liquidated and those under receivership. Read Full Story

Singapore Explains Changes To 2021 Tax Filing Rules

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, March 3, 2021

The Inland Revenue Authority of Singapore has said that it will be sending tax bills directly to certain taxpayers this tax filing season and will be simplifying filing arrangements for the self-employed. Read Full Story

Singapore Expands Business Tax Support Schemes In 2021 Budget

by Mary Swire, Tax-News.com, Hong Kong

Monday, February 22, 2021

Singapore announced the extension of a number of support measures for businesses in its 2021 Budget, released on February 16, 2021. Read Full Story

OECD Indicates New Focus On Virtual Currency Tax Issues

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, October 20, 2020

The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets. Read Full Story

Singapore Launches Consultation On Income Tax Reforms

by Mary Swire, Tax-News.com, Hong Kong

Friday, July 24, 2020

Singapore's Ministry of Finance has launched a public consultation on proposed corporate tax and income tax breaks. Read Full Story

Singapore, Germany Add BEPS Amendments To DTA

by Mary Swire, Tax-News.com, Hong Kong

Monday, December 16, 2019

Singapore and Germany have signed a protocol to their double taxation agreement, which brings the treaty into line with international standards and amends the maximum withholding tax rates that may be charged. Read Full Story

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