INCOME TAX
GST and XBRL Filing and the Rise of Their Outsourcing in Singapore
GST and XBRL, measures which were implemented to optimize the economy and the financial reporting environment in Singapore, have both given rise to...
Do I pay tax when I sell my fixed asset, property?
A wealthy couple who made some $16 million from buying and selling three good class bungalows (GCBs) within six years will have the profits taxed as...
What is GST and how is it charged?
GST was first implemented on 1 April 1994, modelled off the UK VAY and New Zealand GST. It is meant to lower personal and corporate tax rates while...
Singapore is a Tax Haven
Singapore's low taxes and other incentives for foreign investors qualify it as a tax haven. Resident taxpayers pay a progressive tax on personal...
Why do companies relocate to Asia?
Singapore is a Gateway to ASEAN Countries Singapore ranked fifth among the top 20 hot economies in FDI inflows, this has made Singapore marked its...
How to Prepare Your Taxes in 8 Steps
1.Choose a Preparer Request recommendations from friends and advisors when considering a tax preparer. Verify that the person has a Preparer Tax...
Save on Corporate Income Tax in Singapore
Singapore’s corporate tax rate on chargeable income at 17 percent – it is one of the lowest in the world. Understanding your expenses is one of the...
How to Set up a Special Purpose Vehicle Entity
Let me introduce you to the process of creating a Special Purpose Vehicle (SPV) that is commonly used in the finance and real estate sectors before...
Tax for International Services
Your Services are viewed as global servicers, which are zero-rated (for example GST is charged at 0%), on the off chance that they fall inside the...
GST payable on Overseas Digital Services
Digital service providers have registered for GST under Singapore’s Overseas Vendor Registration (OVR) regime, and will charge GST on their deals of...
Does your company qualify for audit exemption?
In Singapore, each organization is responsible for getting its financial statements and records checked by an auditor once every year. This...
Why is Tax Planning crucial for Small Businesses
Numerous entrepreneurs disregard tax planning and it's the last thing on their mind until their Taxes are due. Tax planning is a continuous cycle...