Posts by admin
ACAP & ASK Initiatives Encourage Voluntary Compliance of GST Singapore
There was a lot of resentment among the business community of Singapore when the government decided to introduce the goods and services tax Singapore. The general view was that of skepticism and pessimism towards the impact that GST Singapore would have on businesses. However, the progressive regime of Singapore ensured that the GST rate was one of the lowest in the world at 8%. Additionally, it introduced certain schemes which allow businesses to alleviate their burden of goods and service tax Singapore. Nevertheless, in order to gain access to such GST waiver schemes, companies must first...
Read MoreSingapore Tax & Accounting Services – All You Need to Know
How do you face the Judgment Day – the day you pay your stipulated taxes and present or take stock of your accounts? Do you do it all alone or employ a specialist Singapore tax & accounting firm to do so? As an experienced person who wants to focus on business, you know that a lot depends on the answers to these questions. Taxation Singapore firms offer variety of tax and accounting related services. It is also important for every company to ensure that they are having sound accounting records in place. The objective of this write–up is to provide complete information on the accounting...
Read MoreFacts about Territorial Basis of Singapore Tax for Non-Residents
An expatriate is termed as non-resident, when his work-related stay in Singapore is less than 183 days. The tax for non-residents is different from that of local Singapore residents. Non-residents cannot apply for tax exemptions and reliefs, as a tax-resident person can. Non-residents are taxed on income derived from or accrued in Singapore. Singapore follows a territorial basis of taxation. The policies followed for non-residents are given below- Income of a foreigner is exempt from tax, if he/she worked here for 60 days or less in a year. A foreigner who is in Singapore for 61 to 182 days...
Read More
