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Learn how to charge and account for GST on trade-in transactions and the common output tax errors.
30 cze 2024 · The Inland Revenue Authority of Singapore has published the 7th Edition of its Transfer Pricing Guidelines. The new edition provides updates and additional transfer pricing (TP) guidance in several areas, including TP documentation, financial services TP, TP audits and the 5% TP surcharge. Taxpayers should review these carefully to examine how ...
This Programme allows Samsung customers who purchase a new Galaxy smartphone, tablet or smartwatch (“Eligible Samsung Device”) online through https://www.samsung.com/sg to trade-in their eligible device (“Trade-in Device”), in exchange for a credit equivalent to the trade-in value of the device (“Trade-in Value”) and/or be awarded ...
30 maj 2024 · International traders are taxed at concessionary rates of 5%, 10% or 15% on qualifying income from physical trading, brokering of physical trades, and derivative trading income. Other incentives Foreign tax credit
The Singapore Budget 2024 introduces a Refundable Investment Credit (RIC), a Global Anti-Base Erosion (GloBE) rules-compliant qualified refundable tax credit with the aim to encourage sizeable investments in Singapore.
17 lut 2024 · The RIC is a tax credit with a refundable cash feature which may be used to offset corporate tax payable or be refunded in cash within four years from when the company satisfies the conditions for receiving the credit.
The IRAS updated the e-Tax Guide GST: Partial Exemption and Input Tax Recovery on 22 June 2021 to provide clarification on when a supply is considered as “occurring infrequently” for the purposes of determining whether it can be treated as an incidental exempt supply under the GST Act.
