Singapore GST On Imported Services From Jan 1, 2020 Consumers and businesses who buy imported services from suppliers based overseas which have no establishments in Singapore will have to pay goods and services tax (GST) from Jan 1, 2020 onward. The GST will be levied on two types of services: business-to-business (B2B), such as marketing services, accounting services and IT…
Singapore’s Per Diem Allowances Update Per diem, which is Latin for “per day” or “for each day” or daily allowance, is a specific amount of money an organisation gives an individual, often an employee, per day to cover living expenses when traveling for work. A per diem can include part or all of the expenses…
Businesses to log in with CorpPass to transact with IRAS from mid-2018 From mid-2018, businesses will have to use their CorpPass to log in to myTax Portal and e-Stamping Portal, replacing the current SingPass/ IRAS PIN login. CorpPass will also replace EASY as the authorisation system for businesses to authorise staff/ third party (such as corporate service…
Singapore Form C and Form C-S for YA 2017 are Now Available Form C and Form C-S for YA 2017 are Now Available. You can download at here. Need help for corporate income tax preparation? Contact our qualified tax agent today.
Income Received in Singapore from Abroad Under Section 10(25) of the Income Tax Act, income from outside Singapore is considered received in Singapore when it is: a. remitted to, transmitted or brought into Singapore; b. used to pay off any debt incurred in respect of a trade or business carried on in Singapore; or c.…
UPDATES – Revenue threshold increased to S$5 million for ECI waiver and Form C-S ECI The revenue threshold for ECI waiver will be increased from S$1 million to S$5 million. This updated criteria for ECI waiver will apply to companies with financial year ending in or after July 2017. Company’s Financial Year ends Criteria…