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For the 2017 Year of Assessment, companies in Singapore are required to report their estimated chargeable income and gross revenues within three months of their financial year-end.

Wealth is being created at a remarkable pace in Asia, particularly over the last decade. This has fuelled the growth of family offices in Asia which are established to help the ultra-high net worth

In an increasingly globalised world, companies may encounter instances of double taxation on the same income, due to the different corporate income tax rules applied by different jurisdictions.

The timelines and regulations are summarized below for reference.

If you operate in Singapore, you need to know that 2019 is the first year of mandatory transfer pricing documentation in that country.

In our earlier CNPupdate article published on 27 September 2018, we discussed the tax implications in relation to Initial Coin Offerings ("ICOs"). This article is the first article of a two-part series that provides...

In the first article of this two-part feature, we provided an update on the latest tax guidelines published on 19 November 2019 by the Inland Revenue Authority of Singapore ("IRAS") in relation to Goods...

The Singapore parliament passed the Income Tax (Amendment) Act 2023 on 3 October to introduce a new Section 10L in the Income Tax Act 1947 (ITA), which aligns Singapore's foreign...

Singapore Telecom Australia Investments Pty Ltd v Commissioner of Taxation [2024] FCAFC 29, concerned the ATO's review of interest deductions claimed by STAI...

The tax treatment of Singapore trusts is dependent on the residency of the trust.

Taiwan has since 1 January 2023 implemented controlled foreign corporation (CFC) rules to prevent tax avoidance by taxing income earned by foreign entities controlled by Taiwanese residents.

IRAS has therefore released a COVID-19 Support Measures and Tax Guidance (‘Guidance Note') on 28 October 2020 to help address 2 specific issues.

Companies seeking to incentivise (or compensate) employees are faced with a multitude of options. When structured properly, employee stock option plans can lead to alignment of interests...

To keep or not to keep its records - in considering this question, a Singapore-incorporated company should be aware of certain statutorily-provided minimum retention periods it must comply with.

As of May 2018, Singapore has excluded intellectual property (IP) income from the Pioneer Service Incentive (PC-S) and the Development and Expansion Incentive (DEI)

We are delighted to feature for your information the Budget 2015 delivered in Parliament on 23 February 2015 by Singapore’s Deputy Prime Minister and Finance Minister

Since the announcement of the Unity Budget a month ago, the global Covid-19 crisis has engulfed even economic heavyweights such as the United States. While Singapore is not in a position to steer the current global economic situation...