Tax Blogs

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

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

Videos

How Dividend Income Is Taxed in Singapore

This video demonstrates how Singapore's one-tier tax system simplifies dividend taxation for individuals and companies.