Welcome to our April 2013 e-newsletter.
PART 1 TAXATION
The Singapore Institute of Accredited Tax Professionals (SIATP) has issued the new Tax Alerts on its website Tax News since the previous issue of the 3E E-Newsletter.
The few key alerts are highlighted as below:
– Updates on Corporate Income Tax Rebate for Years of Assessment 2013 to 2015 (13 Mar 2013)
– New IRAS e-Tax Guide on Tax Treatment of Director’s Fees and Bonuses from Employment (8 Mar 2013)
– New e-Tax Guide for Taxation of Property Developers (6 Mar 2013)
– Updates on Productivity and Innovation Credit (4 Mar 2013)
PART 2 REGULATORY & BUSINESS
New cash grant – PIC Bonus
Do you believe it, when you spend $15,000 to improve productivity of your Company in Singapore, government will pay you back for $24,000.
In summary, you can cash when you buy thing.
This is real and only happens in Singapore.
PART 3 FINANCIAL REPORTING
25 Mar:ACRA Seeks Public Feedback on New XBRL Preparation Tool
The Accounting and Corporate Regulatory Authority (ACRA) invites the public to provide feedback on a new preparation tool being developed for companies to file their corporate financial statements in XBRL (eXtensible Business Reporting Language) format. The tool will be freely available to all companies required to file in XBRL.