In our Stop Press of 22 July 2020, we summarise the Ministry of Finance's proposed amendments to the Income Tax Act ("ITA") and Stamp Duties Act.
In our earlier CNPupdate article published on 27 September 2018, we discussed the tax implications in relation to Initial Coin Offerings ("ICOs"). This article is the first article of a two-part series that provides...
In the first article of this two-part feature, we provided an update on the latest tax guidelines published on 19 November 2019 by the Inland Revenue Authority of Singapore ("IRAS") in relation to Goods...
The Coronavirus Disease 2019 ("COVID-19") has been a hot topic in the news since the start of 2020.
If you operate in Singapore, you need to know that 2019 is the first year of mandatory transfer pricing documentation in that country.
Nexdigm Private Limited
Due to proximity to key markets and depth of trading expertise in Singapore, a number of multinational groups have set up operations here to conduct commodity marketing and trading activities.
The NOR scheme will lapse after YA 2020.
Duff and Phelps
The timelines and regulations are summarized below for reference.
This is a brief follow up to our earlier customs and trade update titled, "The Resurrection of Sales and Service Tax".
In Singapore, stamp duty emanates from the Stamp Ordinance 1929, a piece of tax legislation that pre-dates even income tax.
As of May 2018, Singapore has excluded intellectual property (IP) income from the Pioneer Service Incentive (PC-S) and the Development and Expansion Incentive (DEI)
Singapore announced its Budget 2018 in February this year with measures introduced to ensure a sustainable and competitive future for the country.
Tax deductions are available for costs incurred in the registration, acquisition and licensing of intellectual property.
The Stamp Duties (Agreements for Sale of Equity Interest) (Remission) Rules 2018 (the 2018 Rules) came into operation almost imperceptibly on 11 April 2018.
The 2018 Singapore Budget Statement, announcing various tax changes, was delivered by Finance Minister Heng Swee Keat on 19 February 2018 – highlighting a record budget surplus...
With the proliferation of blockchain technology and cryptocurrencies, the Initial Coin Offering ('ICO') has quickly become the preferred method for blockchain players to raise capital.
Khaitan & Co
The Mumbai Bench of the Income-tax Appellate Tribunal (Tribunal) in its ruling in Citicorp Investment Bank (Singapore) Ltd ( 81 taxmann.com 368) has upheld the capital gains tax exemption...
Should digital downloads, streaming services and online purchases from foreign entities be subject to goods and services tax (GST) in Singapore? How about off-premise cloud computing?
India's 2020 Budget, which was announced on February 1, introduces various changes that will significantly impact high net-worth (HNW) families and international investors.
It gives me pleasure to present to you the summer edition of our quarterly Asia Tax Bulletin. It contains a host of changes and developments, including China's