Brazil: Senate approves tax treaty protocol with Singapore
Signed on 17 April 2023, this is the first update to the 2018 Brazil - Singapore income tax treaty. Brazil’s Senate has approved the amending protocol to the 2018 Brazil - Singapore income tax treaty through Draft Legislative Decree No.
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Singapore: IRAS publishes updated FAQs on GST registration obligations
IRAS updated its FAQs on 28 August 2025 to clarify GST registration requirements for businesses.= The Inland Revenue Authority of Singapore has updated its guidance on Do I need to register for GST on 28 August 2025. This includes new and
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Nigeria, Singapore IPA enters into force
Nigeria and Singapore first signed the IPA in November 2016. The 2016 Nigeria-Singapore Investment Protection Agreement (IPA) entered into force on 22 August 2025. Signed in November 2016, the agreement will remain valid for 10 years and can
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Singapore: IRAS updates GST guide for businesses
The guide provides an overview of the Goods and Services Tax (GST) in Singapore. It covers three broad categories: GST Concepts and Principles, GST Administration and GST Schemes. The Inland Revenue Authority of Singapore (IRAS) has released the
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Singapore: IRAS updates guidance on completing GST form F5
The update provides detailed, box-by-box guidance for filling out Form GST F5, the standard form used for reporting GST. The Inland Revenue Authority of Singapore (IRAS) has released revised instructions for completing GST returns. The update
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Singapore: IRAS updates procedure for GST registration cancellation
The Inland Revenue Authority of Singapore (IRAS) has revised its guidance regarding the cancellation of GST registration on 22 August 2025. GST registration must be cancelled within 30 days in the following situations: Taxable supplies have
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Singapore: IRAS revises GST filing guidance on error corrections and extension requests
IRAS updates GST filing guidance, outlining error corrections, refund claims, and deadlines for extensions. Singapore’s tax authority (IRAS) released revised instructions regarding the correction of errors in Goods and Services Tax (GST)
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Taiwan, Singapore negotiate to update tax treaty
Taiwan and Singapore first signed an income tax treaty in 1981. Taiwan’s Ministry of Foreign Affairs has announced, on 19 August 2025, that negotiations to update the 1982 tax treaty with Singapore are ongoing. Although specific updates
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Singapore: IRAS publishes details on GST audit, enforcement activities
IRAS reports over 2,800 GST audits in FY 2024-25, recovering SGD 205 million and urging businesses to improve compliance and voluntarily disclose errors. The Inland Revenue Authority of Singapore (IRAS) has released details regarding its GST
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Singapore: IRAS rules capital gains from property interest transfers are tax-exempt
IRAS ruled on 1 August 2025 that gains from intra-group transfer of long-held investment properties are capital and not taxable. The Inland Revenue Authority of Singapore (IRAS) released an advance ruling summary no. 16/2025 on 1 August 2025,
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Singapore clarifies tax treatment of intercompany loan settlements using promissory notes
IRAS confirms that settling intercompany loans via offshore promissory notes does not amount to deemed remittance into Singapore. Singapore's Inland Revenue Authority (IRAS) has released an Advance Ruling Summary No. 15/2025 on 1 August 2025,
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Singapore: IRAS confirms economic substance exemptions for foreign gains
The two advance rulings confirms that gains from foreign asset disposals are not taxable where economic substance requirements are met. The Inland Revenue Authority of Singapore (IRAS) has published two advance ruling summaries (Nos. 13/2025
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Singapore: IRAS releases 8th edition guide on additional conveyance duties
This guide outlines the Additional Conveyance Duties (ACD) introduced on 11 March 2017, covering their treatment and calculation for acquiring or disposing of equity interests in property-holding entities (PHEs) primarily owning Singapore
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Singapore updates GST e-tax guides on prospective registration and gross margin scheme
The updated GST e-Tax Guides will revise registration timelines and ease GMS adoption requirements. The Inland Revenue Authority of Singapore (IRAS) has revised multiple Goods and Services Tax (GST) e-Tax Guides, effective from 1 July 2025,
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Singapore: IRAS issues 8th edition e-tax guide on income tax treatment of REIT ETFs
IRAS’s eighth edition of its e-tax guide outlines the income tax treatment of REIT ETFs receiving distributions from S-REITs and qualifying for tax concession schemes. Singapore’s Inland Revenue Authority (IRAS) released the eighth edition
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Singapore: Customs mandates accurate origin declarations in permit applications
Singapore Customs mandates accurate declaration of "Country/Region of Origin" in permit applications, detailing origin criteria under trade agreements and non-preferential rules, with penalties for non-compliance. Singapore Customs issued
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Singapore: IRAS updates guidance on GST registration based on prospective view
IRAS updates GST registration rules, introducing a two-month grace period for businesses forecasting turnover above SGD 1 million from July 2025. The Inland Revenue Authority of Singapore (IRAS) has updated its Goods and Services Tax (GST)
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Singapore adds Cameroon to CbCR exchange list for FY2024
The update takes effect for financial years (FY) starting from 2024. The Inland Revenue Authority of Singapore (IRAS) has updated its Country-by-Country Reporting (CbCR) guidance as of 20 June 2025, expanding the list of jurisdictions eligible
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