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Archives for Taxation

Payments That Are Subject to Withholding Tax
Under the Singapore Income Tax Act, a Singapore entity or individual making payment(s) of a specified nature to a non-resident company or individual (known as payee) is required to withhold a percentage of that payment. Read more
Tax Treatment on Remuneration of Non-Resident Directors
As per the Singapore Company Act, a company incorporated in Singapore is required to have at least one resident director. Read more
Income Tax and GST Treatment of Virtual Currencies
Virtual currency is an emerging digital asset, designed to function as a medium of exchange, which may be used to pay for goods or services, or held for investment. Read more
IRAS Update- October 2018
In the past, it is required to submit hard copy form to Inland Revenue Authority of Singapore (“IRAS”) to request for Income Tax Return (Form C-S/ C) for new companies. Read more
CorpPass is a corporate digital identity for businesses and other entities (such as non-profit organisations and associations) to transact with Government agencies online. Read more
Claiming GST Incurred Before GST Registration
GST incurred before the business is registered for “GST” can be claimed if certain conditions are met. IRAS has produced a reference guide on this topic in assessing the claims, conditions for claiming pre-registration GST and Read more