Kazakhstan-Singapore DTA protocol ratified
The President of Kazakhstan has approved a law on July 1, 2014 to ratify the Double Taxation Agreement (DTA) protocol with
See MoreSingapore: Invites the Public to Consults on Stamp Duty Changes Bill 2014
The Ministry of Finance will be conducting a public consultation on the draft Stamp Duties (Amendment) Bill 2014 from 7 July 2014 to 25 July 2014. The draft Stamp Duties (Amendment) Bill 2014 provides for three changes to the Stamp Duties Act. The
See MoreSingapore: Planning to changes Goods & Services Tax
The G0vernment of Singapore has proposed changes to the GST regime after an evaluation. The appraisal will last until 1 July 2014. Following changes are including: -Addition of services supplied on ships in the GST net -Right to offset input VAT
See MoreSingapore: Protocol to treaty between Kazakhstan and Singapore ratified by Kazakhstan
The President of Kazakhstan ratified the amending protocol on 1 July 2014 which was signed on 9 April 2013, to the Kazakhstan - Singapore Income Tax Treaty (2006). Article 1 of the protocol replaces the term "local authorities" as used in
See MoreSingapore: The 5th negotiations for the proposed Regional Comprehensive Economic Partnership (RCEP) held in Singapore
Recently, the fifth round of negotiations for the proposed Regional Comprehensive Economic Partnership (RCEP), between the Association of Southeast Asian Nations (ASEAN) and its free trade agreement (FTA) was held in Singapore from June 21 to 27.
See MoreCzech Republic-Singapore DTT protocol ratified
The Czech Republic has ratified the amending protocol to the Czech Republic - Singapore Income Tax Treaty (1997) on June 24, 2014 and it was signed on June 26, 2013. Further details will be reported
See MoreOECD: BEPS project update with developments of Asian countries
In order to stop tax avoidance and evasion Asian countries are actively taking part with the Organization for Economic Cooperation and Development (OECD)’s plan. The OECD’s Action Plan is far reaching and will help support local Asian
See MoreKazakhstan – Singapore DTA ratified by Kazakhstan
The upper house of parliament in Kazakhstan has ratified the Double Taxation Agreement (DTA) with Singapore on June 19,
See MoreSingapore agrees with WTO’s Trade Simplification Inventiveness
Under a statement from the Ministry of Trade and Industry Singapore has informed the World Trade Organization (WTO) that it will implement all the operational provisions of the WTO's Agreement on Trade Facilitation (ATF) immediately when the ATF
See MoreSingapore: Extended fund management tax incentives
Singapore’s 2014 budget proposed for the extension and enhancement of a tax incentive program for qualifying funds. Following changes are occurred on tax incentive program: -Lengthen the expiration date of the tax incentive program to 31 March
See MoreSwitzerland and Singapore sign OECD agreement against tax evasion though banking secrecy
Forty seven countries participated in the Declaration on Automatic Exchange of Information in Tax Matters, adopted by the OECD on 6 May 2014. These countries included Switzerland and Singapore, two financial centers that have in the past been
See MoreAzerbaijan – Singapore: Approves DTA
Azerbaijan’s lower house of parliament approved a Protocol to the double taxation agreement (DTA) with Singapore on May 14, 2014. No further details of the Protocol are currently
See MoreSingapore: In Pursuit Of Wider Free Trade Agreements
Singapore’s Minister for Trade and Industry has commented that owing to its network of bilateral and regional free trade agreements (FTAs) Singapore is among the most connected jurisdictions in the world and is therefore a suitable location for
See MoreSingapore- US: Reach FATCA Agreement
The US and Singapore have completed their negotiations in respect of an intergovernmental agreement (IGA) to allow institutions in Singapore to carry out the provisions of the Foreign Account Tax Compliance Act (FATCA). The FATCA requires the IRS to
See MoreSingapore – GST rules affecting funds management industry
The Inland Revenue Authority of Singapore (IRAS) and the Monetary Authority of Singapore have finalized a set of rules relating to the impact of the goods and services tax (GST) on the funds management industry. Rules are laid down to establish the
See MoreSingapore – Finding of tax avoidance arrangement upheld on appeal
In Singapore a decision of the High Court on a tax avoidance arrangement has been upheld by the Court of Appeal. Although the taxpayer had made an arrangement to avoid tax the Court found that the Comptroller had acted beyond the powers bestowed by
See MoreSingaporean DTA with Barbados in Force
The double taxation agreement (DTA) concluded between Singapore and Barbados came into force on April 25, 2014. The agreement which was originally signed in July 2013 provides for a nil withholding tax rate on dividends, a 12 percent withholding
See MoreSingapore Sees More Taxpayers Filing Earlier
According to the Inland Revenue Authority of Singapore (IRAS) a greater number of taxpayers have filed their tax returns early this year. Statistics issued by the IRAS show that 75 percent of taxpayers managed to submit their returns by April 1,
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