Under Singapore law, a person (known as the Payer) who makes payment(s) of a specified nature (e.g. Royalty, Interest, Technical Service Fee, etc.) to a non-resident company or individual (known as Payee) is required to withhold a percentage of that payment and pay the amount withheld...
Navigate Singapore's personal income tax landscape and IR8A filing with expert guidance. Stay compliant and optimize your tax strategy with Rikvin!
Who Must Withhold Tax 根据新加坡法律,新加坡公司向非居民公司或个人(称为收款人)支付指定性质(例如,特许权使用费,利息,技术服务费等)的款项(称为付款人) 必须预扣一定比例的付款,并将预扣金额(称为“预扣税”)支付给新加坡税务局。Under Singapore law, a person (known as the Payer) who makes payment(s...
The Singapore tax law allows the IRAS to impose penalties of up to 400% of the amount of under-charged tax for under-reporting of employee’s remuneration, as well as fines and imprisonment. The immigration landscape is changing drastically with the introduction of a new points-base...
The article reports on the key amendments to the Income Tax Act introduced by the Singapore government that will affect multinational companies.GrocottJackEBSCO_bspInternational Tax Review
The Singapore Ministry of Finance (the "MoF") proposed 38 amendments to the Income Tax Act (the "IT Act"). The main objectives of the amendments are: effecting tax measures announced in Budgets 2020; enhancing the Income Tax Comptroller's powers for safeguarding public money; ...
Individual Income Tax: Singapore's individual income tax rates for 2016 are progressive, from 2% to 22%. Personal annual tax rates 2016 (SGD, Singapore Dollar) Income (Singapore DOLLAR)% 1-20,000- 20,001-30,0002 30,001-40,0003.5
When is the personal tax filing due date in Singapore? It is mandatory under law to file for your annual personal tax returns to IRAS by15 April of every year. IRAS diligently enforces the requirements relating to the filing of the personal tax. Please comply to avoid paying fines and/or...
Jot down the Singapore tax season 2025 tax filing deadlines, exemptions and guidelines for corporate income tax.
In Singapore, besides the statutory legislation, the bank-customer relationship is governed largely by contract and tort law by virtue of Singapore’s common law heritage. Consequently, liability may arise from contractual or negligence claims. Under common law, the bank-customer relationship can be ...