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).
Singapore’s Social Security Requirements – What a Foreign Employer Should be Aware of
Singapore has one of the world’s most transparent and honest retirement systems. Its mandatory social security system, the Central Provident Fund (CPF), strives to provide eligible contributors with a safe and secure retirement.
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.
Singapore’s New Amendments to the Companies Act: the Annual Audit Exemptions for Small Firms Explained
Qualifying small companies in Singapore can now benefit by foregoing a yearly financial burden – annual audits. The new regulations arise from the amendment of Singapore’s Companies Act in October, 2014 – the most sweeping change made since the law’s original promulgation in 1967.
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.
Applying for Permanent Residency in Singapore – What a Foreigner Needs to Know
A contributing factor to Singapore’s success is the government’s strong incentives program for foreign talent to commit to the country. One such incentive is the permanent residency (PR) scheme, with basic perks including the freedom to enter and exit the country, the right to purchase real estate, and a certain degree of job security.
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.
Beijing to Sydney by Train: The Potential Development of a Singapore, Indonesia & Australia Rail Network
The China-Singapore rail project has been getting a lot of attention over the past few years as these routes continue to develop. But why stop at Singapore? How about taking the train from Beijing to Sydney? In this article, Chris Devonshire-Ellis discusses the creation of such a rail route.
Indonesia-Singapore Bilateral Investment Guarantee Agreement to Expire
The bilateral agreement signed by Indonesia and Singapore in 2005 will not be renewed by Indonesia, and is set to expire on June 20, 2016. This bilateral agreement, commonly known as an investment guarantee agreement (IGA), grants protection to Singaporean investors.
