IRAS' payment capabilities. This upgrade has expanded the scope of eGIRO applications to include corporate taxpayers and increased the number of participating banks that process individual taxpayers’ eGIRO applications to seven banks, allowing more taxpayers to apply for GIRO online via myTax Portal....
This initiative underscores IRAS’ steadfast dedication to improve the experience of taxpayers, as we collaborate with strategic partners in the tax ecosystems, including banks.”Han Kwee Juan, Singapore Country Head, DBS, said: “We are pleased to partner IRAS...
OCBC is the first bank in Singapore to collaborate with IRAS to integrate the tax authority payment API with the Bank's digital platform. Read more here!
(a) IRAS will disregard any interest expense inexcess of the arm’s length amount determined by IRASfor tax deduction purpose. This is notwithstanding that tax may have been withheld on the full interest payment to the foreign related party. (b) IRAS may not support the taxpayers in MAP dis...
Building parks and shelters also cost money, so if this enhances your rental, then I am sure Singapore’s Inland Revenue Authority of Singapore (IRAS) wants a share of it.When Is The Time To Pay My Property Tax?You can make payment for your property tax anytime throughout the year. ...
Why is tax compliance so important for Singapore companies? All Singapore companies must submit their Estimated Chargeable Income (ECI) within 3 months after the end of the financial year and final tax return by 30 November every year. IRAS, the tax authority, imposes penalties for late filing ...
In the IAF for Singapore, sales tax codes that are used in Finance must be associated with Singaporean standard GST codes for the purpose of IAF reporting. If your legal entity's GST codes are set up in accordance with the Singaporean standard GST codes, follow these steps. ...
Friendly, Professional & Affordable Enterprise & Corporate Banking Partnerships 6x Good News, since 2002 An old MODETTI® tradition of sharing free, relevant stuff with our startups, SME clients. At one time it included a Casio pocket calculator which caused queues through the corridors. There ...
6.2 Tax refund is also not available for GST incurred on: (a) accommodation in a hotel, hostel, boarding house or similar establishments; and (b) any services like entertainment, dry cleaning, car rental etc. as these services are consumed in Singapore. 1 The final destin...
evidence of payment such as receipts and bank statement; and loan agreement; and completion account SECTION 5: BREAKDOWN OF MY PRE-REGISTRATION INPUT TAX (Only include items that have satisfied all conditions) (Indicate ‘NA” if not applicable) Total Value of Taxable Purchases Total...