Singapore News

Singapore Legislates For IP Tax Concession Reform

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

Thursday, May 17, 2018

Singapore has gazetted a law to repeal the income tax concession for intellectual property income derived by companies benefiting from the Pioneer Service Companies Incentive or the Development and Expansion Incentive schemes. Read Full Story

Tax-Privileged Free Trade Zones The OECD's Next Target

by Ulrika Lomas, Tax-News.com, Brussels

Monday, March 19, 2018

In a new report, the OECD has drawn attention to criminal activity in free trade zones, which typically offer tax privileges and lighter regulation, highlighting that they may be unintentionally fostering growth in counterfeit goods. Read Full Story

OECD Releases New Dispute Resolution Peer Reviews

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 13, 2018

The OECD on March 12 released a third round of peer reviews of countries' efforts to implement the BEPS minimum standard on improving tax dispute resolution mechanisms. Read Full Story

FATCA Reporting To Start April 16 In Singapore

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

Tuesday, March 6, 2018

Financial institutions in Singapore are required to file information required under the US Foreign Account Tax Compliance Act starting April 16 by May 31, 2018. Read Full Story

Singapore Updates Guidance On Transfer Pricing Regime

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

Wednesday, February 28, 2018

The Inland Revenue Authority of Singapore on February 23, 2018, released the fifth edition of its Transfer Pricing Guidelines for income tax. Read Full Story

Singapore Confirms Future GST Hike In Budget

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

Tuesday, February 20, 2018

Singapore will hike its seven percent goods and services tax rate to nine percent some time between 2021 and 2025, Singapore's Finance Minister, Heng Swee Keat, announced in the territory's new Budget. Read Full Story

Singapore Issues More Automatic Tax Info Exchange Guidance

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

Saturday, February 17, 2018

Singapore's tax agency has made two announcements recently concerning the automatic exchange of information on foreign taxpayers' affairs, on the Common Reporting Standard and the US Foreign Account Tax Compliance Act. Read Full Story

Singaporean Emitters Seek Progressive Carbon Tax Regime

Mary Swire, Tax-News.com, Hong Kong

Friday, February 2, 2018

Singapore is engaging businesses on tweaking the design of its new carbon tax, which is proposed to be in place by 2019. Read Full Story

Singapore, Sri Lanka Sign Free Trade Pact

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

Friday, January 26, 2018

Sri Lanka signed its first ever comprehensive free trade agreement on January 23, with Singapore. Read Full Story

Agreement Reached On New Trans-Pacific Partnership

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

Wednesday, January 24, 2018

Ministers from 11 countries have announced their agreement upon the "core elements" of a new Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Read Full Story

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