In countries where gambling is legal, casinos are required to pay a tax on theirGross Gaming Revenue(GGR). The GGR payment system is different in every country but it is generally a percentage of the net profit( player's wagers minus wins) obtained by the operator. These taxes could be l...
It's scary to think you could lose money especially when you don't have much, like we did. As for how much we pay ourselves, we take only what we need to maintain the lifestyle we want. Anything extra goes right back into the business to scale.” Here are some ways you can ...
This figure is the maximum value of goods you can bring back into Singapore (for personal use) from other countries, without having to pay customs tax. If the value of your goods is more than your GST relief limit, you’ll have to pay tax on the remaining amount. So, for example, yo...
These tax measures, together with cash grants and other attributes, such as Singapore’s business-friendly IP regime and proximity to key growth markets, make the country a choice location for R&D and IP ownership. Since the inception of the Master Plan, Singapore has achieved various milestones...
AnACH direct depositoccurs when an individual receives payment from a business or government entity, such as paychecks and tax reimbursements. AnACH direct paymentoccurs when individuals, businesses, and other organisations pay a business or entity, such as recurring utility bills or subscription fees....
brokerage as their commissions are much cheaper (Interactive Brokers goes as low as US$1 per trade). Besides the U.S., Interactive Brokers and Saxo offer access to multiple exchanges around the world at competitive rates. So if you intend to invest outside of Singapore, these two might be...
and that policymakers will have to pick some winners. Even so, governments are now intervening much more than they did previously. Many have lost patience with the Washington Consensus. The benefits of its most straightforward reforms, such as independent central banks and ministries stuffed with pr...
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The fact that Singapore is at Level 1 does not mean that it is “business as usual.” The opposite may be true – that Singapore could move far and fast when the time comes to automate its tax compliance regime. This is already seen in how the Singapore Infocomm Media Development ...
How much tax should I charge on each product or service? How do I file and remit the money I collect? For more information about these taxes, read our guides: Introduction to sales tax, VAT and GST compliance Introduction to US sales tax and economic nexus ...