Other Briefings
Singapore Qualifies as ASEAN Hub for Fast Track Patent Applications
Singapore is the first nation in ASEAN qualified to accept and process fast track patent applications under the Patent Cooperation Treaty (PCT). The new services provide businesses a cost effective alternative to preexisting PCT offices.
Singapore Issues Further Updates to its FATCA Regulations
The Inland Revenue Authority of Singapore (IRAS) has released new information on its website relating to compliance with the Foreign Account Tax Compliance Act (FATCA).
ASEAN Regulatory Brief: ASEAN Economic Ministers Meeting, Upcoming DTA, and Expanded Tax Incentives
In this ASEAN Regulatory Brief, we look at some of the important outcomes from the recent Meeting of the ASEAN Economic Ministers, as well as highlighting regulatory changes taking place in Singapore and Indonesia.
ASEAN Regulatory Brief: FATCA, GST, and a New DTA Protocol
In this ASEAN Regulatory Brief, we look at some of the important regulatory changes taking place in Singapore, Malaysia, and Indonesia during the second half of August.
Singapore Releases Updated e-Tax Guide on GST and Attribution of Input Tax
The Inland Revenue Authority of Singapore (IRAS) has recently released an updated version of its e-Tax Guide on Goods and Services Tax (GST) and the Attribution of Input Tax. The new guide, which is intended for businesses that are GST-registered and make both taxable and exempt supplies, explains how a partially exempt business should attribute its input tax and also clarifies when input tax may be considered to be “directly attributable” to a supply.
UK Prime Minister Cameron’s ASEAN Trip Reflects Growing Trade Links and Opportunities
Last week, David Cameron capped off a five day long tour of South East Asia to discuss trade with the UK. The region, which has outpaced global growth by over two percent over the past two decades, is attractive to UK businesses seeking markets beyond the EU.
ASEAN Regulatory Brief: CIT e-Filing, GST, Relaxed Investment Regulations, and Adjusted Reference Prices for Imports
In this ASEAN Regulatory Brief, we look at some of the important regulatory changes taking place in Singapore, Malaysia, Indonesia, and Thailand during the month of August.
Singapore Updates Regulations for Voluntary Disclosure of GST Errors
The Inland Revenue Authority of Singapore has released new information relating to the regulations for correcting errors made in submitted GST F5/ F7/ F8 forms.
Singapore to Impose New Individual Income Tax Rates in 2017
Singapore’s Inland Revenue Authority has announced that, beginning in 2017, there will be new income tax rates for both resident and non-resident individuals in the country. Many of those affected will see their tax rates increase.
Learning from Experience: How to Hire Interns in Singapore
With its strong economy and low unemployment rate (just 1.8 percent in Q1 2015), Singapore is an attractive destination for internships, but hiring companies will have to be fully versed in the jurisdiction’s idiosyncratic regulatory framework. In this article, we detail the main ways corporations in Singapore can lawfully take on trainees and students.
