Singapore News

OECD Releases E-Commerce VAT Toolkit For Asia-Pac States

by Ulrika Lomas, Tax-News.com, Brussels

Monday, March 21, 2022

On March 10, the OECD released a new VAT Digital Toolkit for Asia-Pacific (APAC) nations. The toolkit is intended to support local tax authorities to better collect value-added tax on e-commerce activities. Read Full Story

Singapore Adds To Guidance On ICAP Participation

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

Monday, March 21, 2022

The Inland Revenue Authority of Singapore (IRAS) has issued guidance for taxpayers on accessing the International Compliance Assurance Programme, a voluntary risk assessment and assurance program. Read Full Story

Singapore Targets A More Progressive Tax Regime In 2022 Budget

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

Monday, March 21, 2022

Singapore has announced personal income tax hikes and higher wealth taxes on the territory's wealthiest individuals, as well as plans to ramp up the territory's carbon tax, in its newly released Budget. Read Full Story

Singapore Expected To Hike Carbon Tax In 2022 Budget

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

Thursday, January 20, 2022

Singapore's Minister of Finance has said Singapore will set out plans to hike its carbon tax in the 2022 Budget. Read Full Story

IRAS Updates GST Guidance On Impending Media Sales Changes

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

Wednesday, January 5, 2022

The Inland Revenue Authority of Singapore has released an update to its goods and services tax guide for the advertising industry. Read Full Story

Singapore Gazettes Legislation For 2021 Budget Changes

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

Tuesday, November 23, 2021

The Income Tax (Amendment) Bill 2021 was published in Singapore's Official Gazette on November 16, 2021, following approval earlier by Singapore's President. Read Full Story

Singapore To Implement Budget 2021 GST Reforms Unchanged

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

Monday, November 1, 2021

Following a consultation exercise, the Inland Revenue Authority of Singapore has said the territory intends to go ahead with various important goods and services tax regime changes without accepting amendments proposed by stakeholders. Read Full Story

Belt And Road Forum Agrees Digital Tax Admin Agenda

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

Monday, October 4, 2021

China has set out the priorities of the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM) Council over the next five years, at the 36-country grouping's second forum. Read Full Story

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

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