by admin | Apr 10, 2014 | Taxation
A company in Singapore that failed to register for GST A recent sports and concerts event promoter was ordered by court to pay about $786,000 in penalty and taxes together with a fine of $7,000 just for failing to inform the Comptroller of Goods and Services Tax...
by admin | Mar 8, 2014 | Taxation
The Importance of Singapore Tax Have you ever wondered on why have tax systems in Singapore? In this 21st Century of competitive environment that we are all in, have you ever heard about tax policy being a crucial part of the fiscal policy? Here’s the thing –...
by admin | Feb 23, 2014 | Taxation
Budget 2014 in Singapore – Details and Summary of Useful Taxation Changes For Individuals 1) Enhancement of the Parent and Handicapped Parent Reliefs Type of Reliefs Those staying with dependants Those NOT staying with dependants Parents Relief...
by admin | Feb 20, 2014 | Taxation
Making False PIC Claims – Penalized $180,000 Recently, a company director submitted a false Productivity and Innovation Credit (PIC) claim and was charged in Courts. He made claims in order to receive the cash payout of $60,000 for his company. He will be...
by admin | Jan 24, 2014 | Taxation
Calculating your Singapore Tax would depend whether you are a Resident or Non-Resident of Singapore. Tax resident or non-resident? One will be treated as a tax resident in Singapore for a certain Year of Assessment (YA) if one is: • a Singapore Citizen who...
by admin | Jan 17, 2014 | Taxation
Filing Income Tax in Singapore Paying income tax on your income is a legal requirement in Singapore. It is expected that you will pay income tax for a particular year of assessment. You will file tax returns as they show your income. They will be used to...
