TAX ALERTS
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Revised Forms PL-R, PL-R1 and PL-R2 for Clubs, and Introduction of New Audit Checklist for PL-R1 for Private Lotteries Duty (30 Dec 2011) [Read more]
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Checks required of an external auditor when reviewing Form PL-R1 for Private Lotteries Duty [Read more]
- New Measures to Protect Conveyancing Money (30 Dec 2011) [Read more]
- Law Firms will be able to pay stamp duty electronically (29 Dec 2011) [Read more]
- Singapore-Panama Avoidance of Double Taxation Agreement Comes Into Force (19 Dec 2011) [Read more]
- An additional $5 million budget to co-fund GST-registered businesses for Assisted Compliance Assurance Programme (ACAP) (9 Dec 2011) [Read more]
- Tax Act: Income Tax (Concessionary Rate of Tax for Financial Sector Incentive Companies) (Amendment) Regulations 2011 (6 Dec 2011) [Read more]
- Revision of e-Tax Guide: Section 10(25) of the Singapore Income Tax Act - Interpretation and Practice (6 Dec 2011) [Read more]
- One-off Property Tax Rebate for Owner-occupied HDB Homes (2 Dec 2011) [Read more]
- Revised e-Tax Guide for Annual Values for HDB Flats from 1 January 2012 (2 Dec 2011) [Read more]
- Protocol to the Standing Agreement for the Avoidance of Double Taxation between Singapore and Qatar (2 Dec 2011) [Read more]
- Protocol to the Standing Agreement for the Avoidance of Double Taxation between Singapore and Mexico (2 Dec 2011) [Read more]
- Singapore and Canada enhance tax cooperation (29 Nov 2011) [Read more]
- Revision of GST e-Tax Guide for the Market Participants in the National Electricity Market of Singapore (29 Nov 2011) [Read more]
- Updated Content on Approved Contract Manufacturer and Trader (ACMT) Scheme (22 Nov 2011) [Read more]
- A hassle-free and seamless shopping and GST refund experience (9 Nov 2011) [Read more]
- Singapore-Spain Avoidance of Double Taxation Agreement To Come Into Force (1 Nov 2011) [Read more]
- Corporate Tax Filing Tips [Read more]
- Summary of Responses - Public Consultation on Draft Income Tax (Amendment) Bill 2011 (13 Oct 2011) [Read more]
- Protocol to the Standing Agreement for the Avoidance of Double Taxation between Singapore and Uzbekistan to enter into force (10 Oct 2011) [Read more]
- MOF accepts half of the suggestions on the draft Goods and Services Tax (Amendment) Bill (30 Sep 2011) [Read more]
- New Productivity and Innovation Credit (PIC) Automation Equipment List (27 Sep 2011) [Read more]
- For GST-Registered Businesses - Update Contact Details & Subscribe to Alerts View or update your contact information, such as your GST mailing address. Subscribe to email alerts to receive reminders to e-File your GST returns (22 Sep 2011)
- Revision of e-Tax Guide GST: Fringe Benefits (22 Sep 2011) [Read more]
- Revised e-Tax Guide: Imposition of Stamp Duty on Sellers for Sale or Disposal of Residential Property (7th Edition) (15 Sep 2011) [Read more]
- New e-Tax Guide on Ascertainment of Income from Business of Making Investment (12 Sep 2011) [Read more]
- New e-Tax Guide on Tax Exemption for Foreign-Sourced Income (12 Sep 2011) [Read more]
- New e-Tax Guide on Group Relief System (12 Sep 2011) [Read more]
- YA 2011 Offline Form C is now available (7 Sep 2011) [Read more]
- Specialised Warehouse Scheme (SWS) takes effect from 1 Oct 2011 (2 Sep 2011) [Read more]
- Updates on the Biomedical Industry (1 Sep 2011) [Read more]
- Updates on the Approved Contract Manufacturer and Trader (ACMT) Scheme (1 Sep 2011) [Read more]
- New e-Tax Guide on Specialised Warehouse Scheme and Zero-rating of Supplies (1 Sep 2011) [Read more]
- Updates for the Marine and Shipping Sector (1 Sep 2011) [Read more]
- Updates on the Approved Marine Customer Scheme (ACMS) [Read more]
- New GST Guide for the Marine Industry [Read more]
- New e-Tax Guide for Pharmaceutical Manufacturing Industry: Tax Treatment of Research & Development and Intellectual Property-Related Expenditures (22 Aug 2011) [Read more]
- Second Protocol to the Standing Agreement for the Avoidance of Double Taxation between Singapore and India to enter into force (12 August 2011)[Read more]
- Revision of e-Tax Guide:Electronic Tourist Refund Scheme (eTRS) (2 August 2011) [Read more]
- Preparing tax computation for Shipping Companies (20 Jul 2011) [Read more]
- Updated FAQs on Productivity and Innovation Credit, Cash Payout and Tax Deferral (19 Jul 2011) [Read more]
- Singapore-Albania Avoidance of Double Taxation Agreement Comes Into Force (19 Jul 2011) [Read more]
- e-Tax Guide (Revised) on Productivity and Innovation Credit (15 July 2011) [Read more]
- e-Tax Guide on Qualifying Conditions for Pension/Provident Funds to be Approved under Section 5 of the Income Tax Act (15 July 2011) [Read more]
- e-Tax Guide on Tax Deduction for Shares used to fulfill obligations under an Employee Equity-Based Remuneration Scheme (8 July 2011) [Read more]
- e-Tax Guide on Concession for Enterprise Development - Deduction of Certain Expenses Incurred before Business Revenue is Earned (30 Jun 2011) [Read more]
- e-Tax Guide on Mergers & Acquisitions Scheme (27 June 2011) [Read more]
- Singapore and India Enhance Tax Cooperation (24 June 2011) [Read more]
- e-Tax Guide on Foreign Tax Credit Pooling (22 June 2011) [Read more]
- Revision of e-Tax Guide on Imposition of Stamp Duty on Sellers for Sale or Disposal of Residential Property (17 June 2011) [Read more]
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Singapore and Uzbekistan Enhance Tax Cooperation (14 June 2011) [Read more]
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Singapore-Saudi Arabia Avoidance of Double Taxation Agreement Comes Into Force (26 May 2011) [Read more]
- Tax Treatment of Operating Lease Income Under FRS 17 Leases (9 May 2011) [Read more]
- Revision of e-Tax Guide on Machinery and Plant: Section 19/19A of the Income Tax Act (20 Apr 2011) [Read more]
- Singapore and Spain Sign Agreement for Avoidance of Double Taxation (14 April 2011) [Read more]
- Singapore-Ireland Avoidance of Double Taxation Agreement Comes Into Force (11 April 2011) [Read more]
- SMEs can attend free PIC Consultation Clinics from 13 Apr (5 April 2011) [Read more]
- GST Assisted Compliance Assurance Programme (ACAP) (5 April 2011)
- Click here for the e-tax guide. Click here for GST ACAP Review Guidance. [Read more]
GST Initiatives to Facilitate Voluntary Compliance (5 April 2011) - [Read more]
Compliance Matters for Individuals (1 April 2011) - e-Tax Guide on Treatment of Fixed Machinery under the Property Tax Act (30 March 2011) [Read more]
- The Private Lotteries Act 2011 is effective from 1 April 2011.
The key changes include, transition to the new computation of Private Lotteries Duty based on turnover basis (for fruit machines), record-keeping requirements, introduction of penalties for late submission of returns and payment and the administration of private lotteries duty by the Commissioner of Betting Duties (previously administered by Commissioner of Estate Duties). For more information on the changes, please click here. - Stamp Duties Payable by Limited Liability Partnerships and Partners Thereof (Second Edition) (18 Mar 2011)
[Read more] - Businesses may claim against the Land Intensification Allowance on qualifying capital expenditure incurred for the construction of a qualifying building or structure (17 Mar 2011) [Read more]
- Tax filing made easier for 1.7 million individuals (10 March 2011) [Read more]
- Productivity and Innovation Credit (PIC) Cash Payout - Disposal of Qualifying Assets Form (9 March 2011).
Please click here for Cash Payout Application Form, Disposal of Qualifying Assets Form and Tax Deferral Form. - Productivity & Innovation Credit (PIC) – Tax Deferral (2 March 2011)
A Tax Deferral option is now available to businesses to enjoy their PIC benefits one year in advance.
[Read more] - Singapore and Switzerland Sign Revised Avoidance of Double Tax Agreement (24 Feb 2011)
[Read more] - Singapore and Estonia Enhance Tax Cooperation (7 Feb 2011)
[Read more] - Repeal of Concessionary Withholding Tax rate for charter fees paid to non-residents (1 Feb 2011)
[Read more] - 2011 Budget Statement to be delivered on 18 February 2011 (24 Jan 2011)
[Read more] - Singapore-Libya Avoidance of Double Taxation Convention Comes into Force (23 Dec 2010)[Read more]
- Protocol to the standing agreement for the Avoidance of Double Taxation between Singapore and France to enter into force (9 Dec 2010)
[Read more] - Protocols to the standing agreements for the Avoidance of Double Taxation between Singapore and Denmark, Singapore and the United Kingdom to enter into force (9 Dec 2010)
[Read more] - Tax Deductions for Donations to IPCs Made Simple from 1 January 2011 (9 Dec 2010)
[Read more] - Reminder to Sign-Up For 2010 GST Credits By 31 December 2010 (7 Dec 2010)
[Read more] - IRAS has issued their views on Non-Financial Derivatives to Non-Residents, following enquiries on whether payments made to non-residents in respect of non-financial derivatives fall within Section 12(6) of the Income Tax Act (3 Dec 2010) [Read more]
- Public Consultation on Draft GST Guide on the electronic Tourist Refund Scheme GST Guide on electronic Tourist Refund Scheme (Draft) (Consultation period: 22 Nov - 13 Dec 2010)
[Read more] - Tourists can look forward to hassle-free GST refunds (1 Dec 2010)
[Read more] - Singapore and Albania Sign Avoidance of Double Taxation Agreement (25 Nov 2010)
[Read more] - Singapore-Slovenia Avoidance of Double Taxation Agreement Comes Into Force (25 Nov 2010)
[Read more] - Second Protocol to standing DTA between Singapore and Australia takes effect (22 Nov 2010)
[Read more] - Singapore and Ireland Sign Avoidance of Double Taxation Agreement (28 Oct 2010)
[Read more] - Third Protocol to standing DTA between Singapore and the People’s Republic of China takes effect (22 Oct 2010) [Read more]
- Singapore and Panama sign agreement for Avoidance of Double Taxation (18 Oct 2010)
[Read more] - IRAS Embarks on GIRO Promotion Campaign (7 Oct 2010)
[Read more] - Speech By Mrs Lim Hwee Hua, Minister in Prime Minister's Office, Second Minister for Finance and Transport, At "GIRO Your Tax And Win Cash!'' Campaign (7 Oct 2010)
[Read more] - GST Bulletin (click to access) is published biannually, in March and September. It will feature changes in GST law, updates and the GST treatment on issues commonly faced by GST-registered businesses.
- Administrative concession on services rendered under Section 12(7)(b) and Section 12(7)(c) of the Income Tax Act (10 August 2010)
[Read more]> - Jobs Credit Scheme to see final payment in June 2010 (25 June 2010)
[Read more] - GST Assisted Self-Help Kit (ASK) (1 Apr 2010)
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