NEWS WATCH
- Paying for their own folly - three men arrested for cheating on the Tourist Refund Scheme (14 July 2011) [Read more]
- New book launched for tax practitioners entitled "The Law And Practice of Singapore Income Tax" (23 June 2011) [Read more]
- Specialist eye consultant and surgeon convicted for tax evasion (26 May 2011) [Read more]
- Sole proprietor jailed for under-reporting profits (6 May 2011) [Read more]
- Second Company Convicted of Abusing Tax Exemption Scheme (7 Mar 2011) [Read more]
- Singapore Budget 2011 (18 Feb 2011)
Companies will receive a 20% rebate in corporate income tax, capped at $10,000. The rebate will help companies cope with the rise in rents, wages, utilities and other business costs. For small-and-medium enterprises (SMEs), there is an optional one-off SME Cash Grant, subjected to a cap of $5,000. SMEs will receive either the tax rebate or the grant, whichever is higher. This will cost the government an estimated $560 million.
For more on the Singapore Budget 2011, please click here
For a highlight of tax changes, please click here - First CPA charged for assisting company to evade tax (14 Feb 2011)
[Read more] - Finance Executive and Company Convicted of Tax Evasion (26 Nov 2010)
[Read more] - Restaurant and director fined for unauthorised collection of GST (12 Nov 2010)
- Businessman jailed for omission of rental income (12 Oct 2010)
[Read more] - Company operating dormitories and managing foreign workers convicted for tax evasion
[Read more] - Company director jailed for GST fraud
[Read more] - EU-Singapore FTA On Track
[Read more] - Final clarified auditing standards issued
http://www.iras.gov.sg/irasHome/page04.aspx?id=11562 http://www.iras.gov.sg/irasHome/page04.aspx?id=11292
For an update on stamp duties, please click here
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