singapore - Tax & Revenue

HSBC Institutional Trust Services (Singapore) Ltd (trustee of Capitaland Mall Trust) v Chief Assessor

Revenue Law - Property tax - Annual value; Revenue Law - Property tax - Valuation list; Evidence - Proof of evidence - Onus of proof

Date: 16 April 2019; Court: High Court; Citation: [2019] SGHC 95; Source: Singapore Law Watch

GST: Transfer of Business as a Going Concern and Other Excluded Transactions (Third Edition)

This e-Tax Guide explains and provides examples of transactions that are regarded as neither a supply of goods nor services and hence are not subject to GST.
Date: 22 April 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

Income Tax (Singapore - Ghana) (Avoidance of Double Taxation Agreement) Order 2019

This is to notify that the Government of the Republic of Singapore and the Government of the Republic of Ghana, concluded an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. This Agreement shall apply to persons who are residents of one or both of the Contracting States.
Date: 12 April 2019; Type: Federal Subsidiary Legislation; Citation: No. S 313; Source: Singapore Statutes Online

IRAS e-Tax Guide on Carry-Back Relief System (Fourth Edition)

This e-Tax Guide provides details on the carry-back relief system. The carry-back relief under Section 37E of the Income Tax Act is available to all persons carrying on a business, including sole-proprietorships and partnerships.
Date: 09 April 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

GST: Advance Ruling System (Fourth Edition)

This e-Tax Guide explains the GST advance ruling system and the application procedures.
Date: 05 April 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

Goods and Services Tax Act (Amendment of Fifth Schedule) Order 2019

This Order comes into operation on 1 May 2019.
Date: 04 April 2019; Type: Federal Subsidiary Legislation; Citation: No. S 289; Source: Singapore Statutes Online

Income Tax Act (Amendment of Seventh Schedule) Order 2019

This Order comes into operation on 1 May 2019.
Date: 04 April 2019; Type: Federal Subsidiary Legislation; Citation: No. S 290; Source: Singapore Statutes Online

IRAS e-Tax Guide on Corporate Income Tax-Objection and Appeal Process (Second Edition)

This e-Tax Guide sets out the administrative aspects of to the objection and appeal process and provides guidance to taxpayers on filing a valid objection.
Date: 04 April 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

Customs (Exemption from Motor Vehicles Special Tax) (Revocation) Order 2019

This Order is deemed to have come into operation on 18 February 2019.
Date: 01 April 2019; Type: Federal Subsidiary Legislation; Citation: No. S 248; Source: Singapore Statutes Online

IRAS e-Tax Guide on Group Relief System (Second Edition)

This e-Tax Guide provides details on the group relief system effective from the Year of Assessment 2003.
Date: 29 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

Goods and Services Tax (Electronic Service) Regulations 2019

These Regulations come into operation on 1 April 2019.
Date: 29 March 2019; Type: Federal Subsidiary Legislation; Citation: No. S 189; Source: Singapore Statutes Online

Goods and Services Tax (Imports Relief) (Amendment No. 2) Order 2019

This Order comes into operation on 1 April 2019.
Date: 29 March 2019; Type: Federal Subsidiary Legislation; Citation: No. S 188; Source: Singapore Statutes Online

Claiming GST on Expenses for Qualifying Funds

This is to notify that when the financial services provided fall within the 4th Schedule of the GST Act, the services are exempt supplies. No GST needs to be charged for exempt supplies.
Date: 28 March 2019; Type: Guideline; Source: Inland Revenue Authority of Singapore

GST: Guide on Exemption of Investment Precious Metals (IPM) (Ninth Edition)

This e-Tax Guide provides details on the GST exemption of investment gold, silver and platinum. It is relevant to businesses that trade in physical gold, silver and platinum.
Date: 27 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

GST: For Retailers Participating in Tourist Refund Scheme (Refund Claims made on or after 4 Apr 2019)

This e-Tax guide provides details on the features and refund mechanism of the Electronic Tourist Refund Scheme (eTRS).
Date: 22 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

GST: Guide for Visitors on Tourist Refund Scheme (Refund Claims made on or after 4 Apr 2019)

This e-Tax Guide provides details on how you can get a refund of the GST paid on the goods you have purchased and brought out of Singapore.
Date: 22 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

GST: The Electronic Tourist Refund Scheme (eTRS) (Refund Claims made on or after 4 Apr 2019)

This guide aims to cover the description of the process and data flow, conditions and fee applicable for the participation, application procedures and an overview of the system requirements under the Electronic Tourist Refund Scheme (eTRS).
Date: 22 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

Goods and Services Tax (General) (Amendment) Regulations 2019

These Regulations come into operation on 4 April 2019.
Date: 15 March 2019; Type: Federal Subsidiary Legislation; Citation: No. S 137; Source: Singapore Statutes Online

IRAS e-Tax Guide on Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses (Second Edition)

This e-Tax Guide provides details on the tax treatment of foreign exchange gains or losses for businesses (banks and businesses other than banks).
Date: 14 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

GST: Approved Third Party Logistics Company Scheme (Third Edition)

This e-Tax Guide explains how the Approved Third Party Logistics (3PL) Company Scheme works and the qualifying conditions.
Date: 11 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

INDUSTRY UPDATES

SEC urges Public to scrutinize Firms before investing

MANILA, Jun 26 (PNA) - As it intensifies the crackdown on suspected investment scams, the Securities and Exchange Commission (SEC) has advised prospective investors to scrutinize first the legitimacy of a company before making their investment decisions.

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INDUSTRY UPDATES

SC sets Ground Rules for Oral Arguments on Writ of Kalikasan

MANILA, Jun 25 (PNA) - The Supreme Court (SC) on Tuesday issued guidelines for the July 2 oral arguments on the writ of kalikasan suit filed by petitioners seeking assertive government action on the disputed Ayungin Shoal, Panganiban Reef, and Panatag Shoal.

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INDUSTRY UPDATES

Police Chief bans Mass Rally outside Constitutional Court Building

Jakarta, Jun 25 (ANTARA) - Police has banned mass rallying outside the Constitutional Court (MK) building during the court's Consultative Meeting of Judges before it gives a ruling on the presidential election dispute, Indonesian Police Chief Gen. Tito Karnavian emphasized.

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INDUSTRY UPDATES

Government plans to build New Shah Alam Court Complex - Liew

SHAH ALAM, Jun 24 (Bernama) - The government plans to build a new Court Complex in Shah Alam to replace the existing building, said Minister in the Prime Minister’s Department Datuk Liew Vui Keong.

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INDUSTRY UPDATES

Niosh offers free needs Analyses for Sabah and Labuan Workplaces

KOTA KINABALU, Jun 24 (Bernama) - The National Institute of Occupational Safety and Health (NIOSH) stands ready to conduct free needs analyses of workplace safety for organisations in Sabah and the Federal Territory of Labuan, with the aim of identifying appropriate training required.

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INDUSTRY UPDATES

Ministry launches Sexual Predation Awareness Campaign

PUTRAJAYA, Jun 24 (Bernama) - The Women, Family and Community Development Ministry today launched a sexual predation awareness campaign via digital medium Youtube.

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INDUSTRY UPDATES

Ambushed fiscal named Mindoro judge

MANILA, Jun 21 (PNA) - A female prosecutor who was shot and wounded as she was entering her home in Oriental Mindoro last June 10 is among the newly-appointed judges, Justice Secretary Menardo Guevara announced on Friday.

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INDUSTRY UPDATES

ASEAN Chamber of Commerce, UiTM ink MoU to collaborate in Various Areas

KUALA LUMPUR, Jun 22 (Bernama) - ASEAN Chamber of Commerce and Universiti Teknologi Mara (UiTM) have inked a memorandum of understanding (MoU) to pave the way for collaboration in various areas of entrepreneurship, including research.

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INDUSTRY UPDATES

President Jokowi to attend 34th ASEAN Summit in Thailand

Jakarta, Jun 20 (ANTARA) - Indonesian President Joko Widodo will attend the 34th ASEAN Summit in Bangkok, Thailand, from June 22 to 23, 2019.

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INDUSTRY UPDATES

PCC OKs East West purchase of PBCOM Auto Loan Portfolio

MANILA, Jun 19 (PNA) - The Philippine Competition Commission (PCC) approved the acquisition by East West Banking Corporation (East West) of the auto loan portfolio of Philippine Bank of Communications (PBCom).

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INDUSTRY UPDATES

RI hopes for Progress in Timor Leste joining ASEAN

Jakarta, Jun 19 (ANTARA) - The Indonesian government has expressed its hopes that the ongoing evaluation of Timor Leste will result in its becoming a member of the Association of Southeast Asian Nations (ASEAN).

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INDUSTRY UPDATES

MyCC to focus Efforts on Monitoring Cement Industry

KUALA LUMPUR, Jun 19 (Bernama) - The Malaysia Competition Commission (MyCC) says it will focus its efforts on consistently monitoring the cement industry in order to complement the government’s initiative in protecting the welfare of consumers.

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INDUSTRY UPDATES

Amended Code did not affect Conflict of Interest - Witness

KUALA LUMPUR, Jun 18 (Bernama) - The Code of Ethics for Administration Members and Members of Parliament was amended by the Cabinet in 2013 but did not affect the conflict of interest provision, according to a Cabinet former deputy secretary-general (Constitution and Communication).

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INDUSTRY UPDATES

Court urges Johor PTG to meet Orang Asli to settle Compensation Issue

JOHOR BAHRU, Jun 18 (Bernama) - The High Court here today encouraged the state Land and Mines Office (PTG) to engage in discussions with the Seletar tribe Orang Asli of Kuala Masai with the aim of settling compensation due as a result of wrongful acquisition of their land in Stulang Laut.

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INDUSTRY UPDATES

Ex-CJ speaks out against Lawyers' Tendency to seek Postponements

KUALA LUMPUR, Jun 16 (Bernama) - Former Chief Justice Tun Zaki Azmi has spoken out against the tendency by certain defence lawyers to seek postponements of cases being heard in court.

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INDUSTRY UPDATES

New Competition Commission already under Fire

Myanmar’s professed commitment to competition reform has come under fire after the government packed the new Competition Commission with bureaucrats serving under a minister.

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INDUSTRY UPDATES

NA Deputies give Opinions on Revised Labour Code

Hanoi, Jun 12 (VNA) - The revised Labour Code will the focus during the sitting of lawmakers on June 12 in the ongoing 7th session of the 14th National Assembly.

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INDUSTRY UPDATES

Ability to pay Taxes Online a Boon for Vietnam’s Import-Export Businesses

Hanoi, Jun 6 (VNS/VNA) - Around 99 percent of import and export tax payments in Ho Chi Minh City are made online, according to the customs department.

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