Singapore News

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

Singapore Announces Plans For GST Reforms
by Mary Swire, Tax-News.com, Hong Kong
Friday, November 8, 2019
Singapore is to add provisions to draft legislation to enhance the new GST regime for imported services and clarify new rules for virtual currencies. Read Full Story

New Zealand Tops World Bank's 'Doing Business' 2020
by Mary Swire, Tax-News.com, Hong Kong
Friday, November 8, 2019
New Zealand is the easiest place in the world to do business, according to the World Bank's new Doing Business 2020 report, which looks at the simplicity of setting up, operating, and paying taxes in 190 territories around the world. Read Full Story

Costa Rica Clarifies Amendments To Non-Cooperative Tax List
by Mike Godfrey, Tax-News.com, Washington
Friday, October 18, 2019
Costa Rica's Ministry of Finance has released a statement clarifying its decision to exclude a number of territories with low effective income tax rates from its list of non-cooperative territories. Read Full Story

Singapore Reports On Tax, Compliance Work
by Mary Swire, Tax-News.com, Hong Kong
Thursday, September 5, 2019
The Inland Revenue Authority of Singapore (IRAS) has reported that revenues increased by 4.4 percent in the 2018-2019 fiscal year, in its annual report for the year. Read Full Story
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