Singapore Releases New e-Tax Guide for Business Trusts
The Inland Revenue Authority of Singapore (IRAS) has released a new e-tax guide which provides details on the income tax treatment of trusts registered under the Business Trusts Act, applicable to both trustee-managers and unit-holders.
Singapore to Streamline Regulatory Fees for Businesses
In a recent announcement, Singapore’s Accounting and Corporate Regulatory Authority (ACRA) stated that it intends to change its regulatory structure in order to streamline the process for businesses. Under the new system, fees from most ad hoc transactions will be removed.
Singapore: IRAS Consultation on Transfer Pricing Documentation
On September 1, 2014, the Inland Revenue Authority of Singapore (“IRAS”) released a consultation process whereby it has requested comments on proposed changes to the transfer pricing documentation requirements in Singapore.
Singapore Releases e-Tax Guide to Help Financial Institutions Comply with FATCA
Singapore’s Ministry of Finance, the Monetary Authority of Singapore, and the Inland Revenue Authority of Singapore (IRAS) have issued a draft e-Tax Guide that is intended to help financial institutions (FIs) in Singapore comply with the United States Foreign Account Tax Compliance Act (FATCA).
Singapore Publishes Revised Edition of its Productivity Credit e-Tax Guide
The Inland Revenue Authority of Singapore (IRAS) has published a revised edition of its e-tax guide for the Productivity and Innovation Credit (PIC). The new guide includes the changes made in February’s 2014 Budget Statement.
Singapore Expands SME Financing Options to Support Small Businesses
More channels for small and medium enterprise financing are opening up in Singapore, as banks introduce new grant programs and the government steps up effort to support small businesses.
Manufacturing Hubs Across Southeast Asia
ASEAN manufacturers can be divided into those that have invested in mid- and high-tech manufacturing and those which, for the time being, are concentrated in low- or no-tech assembly. In this article, we explore the market characteristics of ASEAN’s most important manufacturing destinations.
Singapore Boosts Information Technology Cooperation with South Korea
Small and medium sized information technology companies in South Korea and Singapore can look forward to more opportunities for cooperation and growth as the two countries inked a Memorandum of Understanding on Information and Communications Technology collaboration last Friday.
Singapore Commits to Agreement on Trade Facilitation
Singapore’s Ministry of Trade and Industry has announced its commitment to the World Trade Organization (WTO) Agreement on Trade Facilitation (ATF).
E-Commerce Markets Across ASEAN
Singapore, Malaysia, Indonesia, and the Philippines are quickly becoming four of the hottest e-commerce markets in ASEAN. In this article, we review the characteristics of each nation’s e-commerce markets and highlight opportunities for international investors.