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ePublications

SIATP's E-newsletter, Taxlogue! - an exclusive platform only for accredited tax professionals to spark more dialogue and inspiration in the area of taxation. If you wish to access Taxlogue, join SIATP and be accredited!

1st Quarter 2013 (Article on clarifying the confusion over on reimbursements and disbursements from a presentations Mr Richard Mackender, Accredited Tax Advisor (GST) and Partner of Deloitte Singapore and an article on the changes in the Exchange of Information provisions and an understanding of how much to disclose from Accredited Tax Advisor (Income Tax and GST) Mr S Sharma’s (Consultant, ATMD Bird & Bird LLP) presentation. 

2nd Quarter 2013 (Article: Cross Border Taxation.  it is not the known tax obligations and risks that one should be mindful of, but the unknown. Know the best practices. Based on a presentation facilitated by Mr Goh Bun Hiong, Accredited Tax Advisor (Income Tax and GST), who holds the position of a Tax Director at PKF-CAP LLP.)

3rd Quarter 2012 (Article: International Arbitration: Protection from Unforeseen or Unreasonable Tax Claims by Foreign Governments by Accredited Tax Advisor (Income Tax) Mr Edwin Vanderbruggen, Partner, VDB|Loi) 

4th Quarter 2012 (Article: Tax Equalization or Tax Protection – Which is Better? by Accredited Tax Advisor (Income Tax) Ms Jennifer Ng, Tax Director, TaxPRO Services Pte Ltd) 

Check out IRAS’ latest GST Bulletin which features updates on the GST Exemption of Investment Precious Metals, simplification of deemed supply rules with regard to goods given away free, good record keeping practices, explanation of the Voluntary Disclosure Programme and a highlight on some frequently asked questions.

 

TAX ALERTS

Click on the links below for recent tax alerts

  • Businesses can Approach IRAS for Help in Making PIC Claims (16 May 2013) [Read more]
  • Annual Values of Properties Reviewed Regularly: IRAS (15 May 2013) [Read more]
  • Singapore to Significantly Strengthen Framework for International Tax Cooperation (14 May 2013) [Read more]
  • Engaging Consultants to File PIC Claims (14 May 2013) [Read more]
  • Singapore Fully Committed to Co-operating in Fight Against International Tax Offences (13 May 2013) [Read more]
  • Preparing tax computation for Property Developers (8 May 2013) [Read more]
  • Updates on Co-funding for GST ACAP (6 May 2013) [Read more]
  • Income Tax (Exemption of Income of Foreign Trusts) (Amendment) Regulations 2013 (6 May 2013) [Read more]
  • Income Tax (Exemption of Income of Non-residents Arising from Funds Managed by Fund Manager in Singapore) (Amendment) Regulations 2013 (6 May 2013) [Read more]
  • Updates on FAQs on PIC Cash Payout (6 May 2013) [Read more]
  • Updates on FAQs on Acquisition or Leasing of PIC IT and Automation Equipment  (6 May 2013) [Read more]
  • Revised election forms for carry-back of capital allowances and trade losses (6 May 2013) [Read more]
  • YA 2013 Form C is now available (3 May 2013) [Read more]
  • Updates on Essential Information to Note when Filing Form C [Read more]
  • Tips for SMEs on Form C [Read more]
  • Updates on How to Complete Form C [Read more]
  • YA 2013 Form C-S is now available (3 May 2013) [Read more]
  • Updates on Essential Information to Note when Filing Form C-S [Read more]
  • Tips for SMEs on Form C-S [Read more]
  • Updates on Filing Form C-S [Read more]
  • Updates on Qualifying Expenditure for In-Licensing of Intellectual Property Rights under PIC (3 May 2013) [Read more]
  • Singapore and Isle of Man Agreement for Avoidance of Double Taxation enters into force (2 May) [Read more]
  • Singapore and Jersey Agreement for Avoidance of Double Taxation enters into force (2 May 2013) [Read more]
  • Revised GST e-Tax Guide on Approved Refiner and Consolidator Scheme (ARCS) (29 Apr 2013) [Read more]
  • Updated e-Tax Guide on Equity Remuneration Incentive Scheme (ERIS) (26 Apr 2013) [Read more]
  • Revised e-Tax Guide on Assisted Self-Help Kit (‘ASK’) Annual Review Guide (Third Edition) (19 Apr 2013) [Read more]
  • GST Assisted Self-help Kit (ASK) (19 Apr 2013) [Read more]
  • Revised form on Assisted Self-Help Kit (ASK): Declaration Form on Completing Annual Review & Voluntary Disclosure of Errors (19 Apr 2013) [Read more]
  • Stamp Duties (Free Trade Agreements)(Remission of ABSD) Rules 2013 (18 Apr 2013) [Read More]
  • Stamp Duties (HDB Flats, HUDC Flats and Executive Condominium units)(Remission of ABSD) Rules 2013 (18 Apr 2013) [Read More]
  • Stamp Duties (Transfer of Interest of Property which Buyer has Interest)(Remission of ABSD) Rules 2013 (18 Apr 2013) [Read More]
  • Stamp Duties (Spouses)(Remission of ABSD) Rules 2013 (18 Apr 2013) [Read more]
  • Income Tax (Concessionary Rate of Tax for Approved Offshore General Insurers)(Amendment) Regulations 2013 (18 Apr 2013) [Read More]
  • Income Tax (Concessionary Rate of Tax for Approved Offshore Composite Insurers)(Amendment) Regulations 2013 (18 Apr 2013) [Read More]
  • Income Tax (Deduction for Resident Individual)(Prescribed Payment)(Amendment) Regulations 2013 (16 Apr 2013) [Read More]
  • Income Tax (Exemption and Deduction of Voluntary Cash Contribution)(Prescribed Person) Regulations 2013 (16 Apr 2013) [Read More]
  • Updated Form on Application for Approval of Equipment for Productivity and Innovation Credit (PIC) from Year of Assessment 2013 (15 Apr 2013) [Read more]
  • Singapore and Kazakhstan Enhance Tax Cooperation (9 Apr 2013) [Read more]
  • Revised GST e-Tax Guide on Exemption of Investment Precious Metals (IPM) (Second Edition) (4 Apr 2013) [Read more]
  • Revised GST e-Tax Guide on Exports (Eleventh Edition) (4 Apr 2013) [Read more]
  • Revised GST e-Tax Guide for Motor Vehicle Traders (Fourth Edition) (4 Apr 2013) [Read more]
  • Stamp Duties (Relief from Stamp Duty upon Acquisition of Shares of Companies) Rules 2013 (3 Apr 2013) [Read more]
  • FAQs on Acquisition or Leasing of PIC IT and Automation Equipment (3rd Apr 2013) [Read more]
  • Updates on PIC Bonus & FAQs (3 Apr 2013) [Read more]
  • Updates on Paying Estimated Tax by Instalments on ECI Filed (1 Apr 2013) [Read more]
  • GST Computation Templates for Sale of New Vehicles (1 Apr 2013) [Read more]
  • Updated Income Tax Regulations on Concessionary Rate of Tax for Approved Global Trading Companies (21 Mar 2013) [Read more]
  • Singapore and Belarus Sign Agreement for Avoidance of Double Taxation (22 Mar 2013) [Read more]
  • Updates on Tax treatment of life insurance premiums (13 Mar 2013) [Read more]
  • Updates on Corporate Income Tax Rebate for Years of Assessment 2013 to 2015 (13 Mar 2013) [Read more]
  • New e-Tax Guide on Tax Treatment of Director’s Fees and Bonuses from Employment (8 Mar 2013) [Read more]
  • New e-Tax Guide Taxation of Property Developers (6 Mar 2013) [Read more]
  • Updates on Productivity and Innovation Credit (4 Mar 2013) [Read more]
  • Updates on GST Treatments for Usage of Business Asset for Personal or Non-Business Use (1 Mar 2013) [Read more]
  • Updates on GST Treatments on Gift and Sample (1 Mar 2013) [Read more]
  • Phase 2 of Co-Funding for GST ACAP (28 Feb 2013) [Read more]
  • Information on Wage Credit Scheme (28 Feb 2013) [Read more]
  • New e-Tax Guide on Corporate Income Tax - Objection and Appeal Process (28 Feb 2013) [Read more]
  • Administrative Concession on Taxability of Group Insurance Premiums in the Hands of Employees with effect from Year of Assessment 2013 (27 Feb 2013) [Read more]
  • Budget 2013 - Overview of Tax Changes (26 Feb 2013) [Read more]
  • Revised GST e-Tax Guide on Retailers participating in Tourist Refund Scheme (22 Feb 2013) [Read more]
  • Revised GST e-Tax Guide on Visitors on Tourist Refund Scheme (22 Feb 2013) [Read more]
  • Updates on Withholding Tax: Payments for the use of international submarine cable capacity, including payments for Indefeasible Rights of Use (IRUs) (21 Feb 2013) [Read more]
  • Updates on Withholding Tax: Payments for Satellite Capacity (21 Feb 2013) [Read more]
  • FAQs on Overview of PIC (15 Feb 2013) [Read more]
  • Treatment of Items Bundled with the Purchase or Lease of PIC Automation Equipment (15 Feb 2013) [Read more]
  • Stamp Duties (Instruments on or before 11th January 2013) (Remission) Rules 2013 (14 Feb 2013) [Read more]
  • Casino Control Act-Casino Control (Exemption from Exclusion from Casino) Order 2013 (14 Feb 2013) [Read more]
  • Casino Control Act-Casino Control (Exclusion from Casino - Social Assistance Programme and Subsidy Scheme) Order 2013 (14 Feb 2013) [Read more]
  • New e-Tax Guide on Income Tax: Rights-Based Approach for Characterising Software Payments and Payments for the Use of or the Right to Use Information and Digitised  Goods (8 Feb 2013) [Read more]
  • No-Filing Service (NFS) (8 Feb 2013) [Read more]
  • Summary of Responses: Public Consultation on the Proposed Adoption of a Rights-Based Approach for Characterising Software Payments and Payments for the Use of or the Right to Use Information and Digitised Goods (8 Feb 2013) [Read more]
  • Singapore and Guernsey sign Agreement for Avoidance of Double Taxation (7 Feb 2013) [Read more]
  • Updated Content on Tourist Refund Scheme for Consumers (6 Feb 2013) [Read more]
  • Updated Content on Tourist Refund Scheme for GST-Registered Businesses (6 Feb 2013) [Read more]
  • ECI Forms for Year of Assessment 2014 are now available (5 Feb 2013) [Read more]
  • Government Gazette: Property Tax Act (5 Feb 2013) [Read more]
  • Government Gazette: Stamp Duties Act (5 Feb 2013) [Read more]
  • Government Gazette: Casino Control Act (5 Feb 2013) [Read more]
  • Government Gazette: Goods and Services Tax Voucher Fund Act 2012 (Commencement) Notification 2013 (4 Feb 2013) [Read more]
  • Read More >>

    NEWS WATCH

    Click on the links below for more business news and updates in the Accountancy sector

  • Tax Season 2013: Record 95% Filing Rate (19 Apr 2013) [Read more]
  • Sole-proprietor jailed for omitting business income from his tax returns (12 Apr 2013) [Read more]
  • 'Round-tripping' risks at land checkpoints (8 Apr 2013) [Read more]
  • First Freight Forwarding Company fined for Misusing the Major Exporter Scheme (8 Mar 2013) [Read more]
  • Property Agent Jailed 12 Weeks for Using Fake Stamp Certificates (21 Jan 2013) [Read more]
  • Property Agent Jailed Two Weeks for Using Fake Stamp Certificates (18 Jan 2013) [Read more]
  • Two Caught for Fraud in Tourist Refund Claims (21 Dec 2012) [Read more]
  • Remisier Convicted for Tax Evasion (22 Nov 2012) [Read more]
  • Fraudulent GST Claims Put Sole-Proprietor in Jail (25 Oct 2012) [Read more]
  • First Trader Charged for False Declaration in GST Registration (19 Oct 2012) [Read more]
  • Company pays penalty of a quarter million for tax evasion (3 August 2012) [Read more]
  • First Retailer Fined over Failure to Display GST-Inclusive Prices (20 July 2012) [Read more]
  • Company Manager Jailed for GST Fraud (4 July 2012) [Read more]
  • Technology Company Convicted of Tax Evasion (18 May 2012) [Read more]
  • Property Agent Jailed 12 weeks for Using Fake Stamp Certificates (15 May 2012) [Read more]
  • Certified Public Accountant Fined for Under-Reporting Income (13 April 2012) [Read more]
  • Notice of Sale for 27 Kranji Loop to Recover Outstanding Property Tax and Related Penalties (10 April 2012) [Read more]
  • Private School Pays $70,000 in Penalty for Failure to Register for GST (23 Mar 2012) [Read more]
  • Certified Public Accountant Pays a Heavy Penalty for Assisting Company to Evade Tax (7 Mar 2012) [Read more] 
  • Notice of Sale for 19 Taman Serasi #02-19 to Recover Outstanding Property Tax and Related Penalties (9 Feb 2012) [Read more]
  • Underpayment of GST by Unusual Entertainment Pte Ltd (30 Dec 2011) [Read more]
  • Sole Proprietor Found Guilty of False GST Claims (8 Nov 2011) [Read more]
  • Tourist Found Guilty of False GST Claims (16 Sep 2011) [Read more]
  • Company and director charged in court for GST fraud (29 July 2011) [Read more]
  • Launch of Asia's first comprehensive Executive Programme in International Tax (27 July 2011) [Read more]
  • Read More >>