singapore - Tax & Revenue - Notices & Directives

IRAS e-Tax Guide on Avoidance of Double Taxation Agreements

This e-Tax Guide provides taxpayers with guidance on the interpretation and application of Singapore’s Double Taxation Agreements (DTAs) and the Mutual Agreement Procedure under Singapore’s DTAs.
Date: 08 June 2018; Type: Guide; Source: Inland Revenue Authority of Singapore

Summary of Responses to the Public Consultation on GST: Taxing Imported Services by Way of Reverse Charge and Taxing Imported Services by way of an Overseas Vendor Registration Regime

This is to notify that the Inland Revenue Authority of Singapore (IRAS) had received a total of 43 feedback submissions on the two draft e-Tax Guides, “GST: Taxing imported services by way of reverse charge” and “GST: Taxing imported services by way of an overseas vendor registration regime”. The IRAS has carefully considere ...
Date: 31 May 2018; Type: Feedback; Source: Inland Revenue Authority of Singapore

Revised Application Procedures for Customs eServices

This is to notify that with effect from 20 June 2018 the application forms for the certificates will be available through the National Trade Platform website. Notice No. 12/2018
Date: 12 June 2018; Type: Circular; Source: Customs Department

Updates to the Exemption of Goods and Services Tax for Investment Precious Metals

Changes in the importation of Investment Precious Metals that are exempted from Goods and Services Tax, effective from 23 May 2018. Notice No. 09/2018
Date: 25 May 2018; Type: Circular; Source: Customs Department

Singapore Trade Classification Customs and Excise Duties 2018

The Singapore Trade Classification, Customs and Excise Duties (STCCED) 2018 will replace its current (2012) version. STCCED 2018 incorporates the ASEAN Harmonised Tariff Nomenclature (AHTN) 2017.
Date: 22 May 2018; Type: Circular; Source: Customs Department

IRAS User Guide on Common Reporting Standard: IRAS XML Schema User Guide for CRS Return

This User Guide explains the information required to be included in each data element to be reported in the Common Reporting Standard Return XML Schema. It also contains guidance on how to make corrections of data items within a file that can be processed automatically.
Date: 21 March 2018; Type: Guide; Source: Inland Revenue Authority of Singapore

Quick Guide to Common Reporting Standard Return Submission

This quick guide gives information on how all Reporting Singaporean Financial Institutions must submit their Common Reporting Standard returns by 31 May 2018.
Date: 24 April 2018; Type: Guide; Source: Inland Revenue Authority of Singapore

Administration of the Exchange of Information for Tax Purposes

This information by the Inland Revenue Authority of Singapore is on the Internationally agreed Standard of Exchange of Information for tax purposes.
Date: 07 May 2018; Type: Regulation; Source: Inland Revenue Authority of Singapore

Mutual Agreement Procedure

This guidance by the Inland Revenue Authority of Singapore is on the Mutual Agreement Procedures under the Double Taxation Agreements.
Date: 23 February 2018; Type: Regulation; Source: Inland Revenue Authority of Singapore

Overview of GST e-Filing Process

GST-registered businesses are required to e-File their returns through myTax Portal and make payment to IRAS.
Date: 14 March 2018; Type: Guideline; Source: Inland Revenue Authority of Singapore

Tax Season 2018 - File Taxes Early from 1 Mar

The Inland Revenue Authority of Singapore hereby notifies all taxpayers to file their income tax returns from 1 Mar to 18 Apr 2018.
Date: 26 February 2018; Type: Press Release; Source: Inland Revenue Authority of Singapore

Payments that are Subject to Withholding Tax

A person must withhold tax when payment of a specified nature has been made to non-resident companies and the rate of withholding tax depends on the nature of the payment.
Date: 28 February 2018; Type: Regulation; Source: Inland Revenue Authority of Singapore

IRAS e-Tax Guide on Pharmaceutical Manufacturing Industry: Tax Treatment of Research & Development and Intellectual Property-Related Expenditure (Third edition)

This e-Tax guide provides guidance on the tax treatment to companies in Singapore which develop, manufacture and market drugs for use as pharmaceuticals.
Date: 20 March 2018; Type: Guide; Source: Inland Revenue Authority of Singapore

IRAS e-Tax Guide on GST: Guide for Property Developer (Third Edition)

This e-Tax guide explains the GST treatment on the supplies made in relation to the sale of properties by a developer and the claiming of GST on the construction of properties.
Date: 19 March 2018; Type: Guide; Source: Inland Revenue Authority of Singapore

Quick Guide to CRS Registration

This quick guide is to help all Reporting Singaporean Financial Institutions (SGFIs) to apply for CRS registration by 31 March 2018.
Date: 27 February 2018; Type: Guide; Source: Inland Revenue Authority of Singapore

Register for the Common Reporting Standard by 15 March 2018

This is to notify the deadline for all Reporting Singaporean Financial Institution (Reporting SGF) to register for the Common Reporting Standard (CRS) is 31 March 2018, and a failure to comply is considered an offence under the CRS Regulations. Inland Revenue Authority of Singapore strongly encourages registration by 1 ...
Date: 26 February 2018; Type: Circular; Source: Inland Revenue Authority of Singapore

Electronic Submission of Preferential Certificate of Origin for claiming of Preferential Tariff Treatment

This is to notify that form 1 April 2018, importers can submit electronic/scanned copy of the Preferential Certificate of Origin (PCO) or Self-Certification to Singapore Customs instead of a physical copy for the purpose of claiming preferential treatment for the import of originating stout/porter, beer including ale, medicated samsu and other ...
Date: 13 March 2018; Type: Circular; Source: Customs Department

IRAS e-Tax Guide on Pioneer Incentive: Capital Allowances upon Expiry of Tax Relief Period (Third Edition)

This e-Tax Guide spells out the manner of apportioning Capital Allowances under section 10(3A)(b) of the Economic Expansion Incentives (Relief from Income Tax) Act.
Date: 09 March 2018; Type: Guide; Source: Inland Revenue Authority of Singapore

Budget 2018 - Overview of Tax Changes

The Minister for Finance gives an overview of tax changes for the Financial Year 2018.
Date: 19 February 2018; Type: Circular; Source: Inland Revenue Authority of Singapore

IRAS e-Tax Guide on Transfer Pricing Guidelines (Fifth Edition)

This guide is relevant to those business entities incorporated or registered in Singapore or carrying on a business in Singapore and have transactions with related parties.
Date: 23 February 2018; Type: Guide; Source: Inland Revenue Authority of Singapore

INDUSTRY UPDATES

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MoF invites Feedback on proposed changes to the Income Tax Act

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Labor Ministry aims to find Jobs for 100,000 Unemployed Graduates

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Ex-President Aquino sued over DAP Mess

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Duterte appoints CA, Sandiganbayan Associate Justices

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Panelo on Sereno ouster: ‘The Law may be harsh, but it is the Law’

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Carpio to decline Nominations as Next CJ

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SC begins Oral Arguments on Same-Sex Marriage

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PCC to draft List of Fair Competition Violators

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Government announces New MIC Appointments, U Thaung Tun as New Chair

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Laos, Vietnam strengthen Digital Cooperation

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Special Committee to monitor Prices after Zero GST

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