Taxation of Investment Funds in Singapore

Taxation of Investment Funds in Singapore

Singapore is an attractive location for basing funds in the Asia Pacific Region as well as for fund managers. The ease of doing business in the city-state, along with the favorable taxation of investment funds in Singapore are among the top reasons why the fund management industry has been developing…
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Taxation of General Partnerships in Singapore

Taxation of General Partnerships in Singapore

A partnership in Singapore is an association between two or more partners who can be individuals of companies. The general partnership is not perceived as a legal entity, such as a private limited liability company or even a private limited liability partnership. This is an important distinction because it determines…
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Main Taxation Regulations in Singapore

Main Taxation Regulations in Singapore

Singapore has a low taxation regime that is advantageous for businesses and it is one of the main reasons why the city-state is considered one of the most attractive locations to do business in Asia. The Income Tax Act is the main legislative source for the manner in which taxes…
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Taxation of a Holding Company in Singapore

Taxation of a Holding Company in Singapore

A type of vehicle used for owning shares in other corporations, a holding company’s scope is to own stock in a subsidiary, for the purpose of reducing the investment risks should the said subsidiary become bankrupt. The taxation of a holding company in Singapore is particularly advantageous as this is…
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XBRL Filing in Singapore

XBRL Filing in Singapore

Companies in Singapore must comply with various requirements. Among these, they must file several documents in a specific format with the Inland Revenue Authority. Below, you can read about the XBRL filing requirements in Singapore. If you need accounting services in Singapore, our specialists are at your disposal with tailored…
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The Intellectual Property Development Incentive in Singapore

The Intellectual Property Development Incentive in Singapore

The Intellectual Property Development Incentive regime was established in order to encourage investors to explore research and development activities. The regime is based on a concessionary tax rate, a percentage of the intellectual property (IP) income that will be taxed at a preferential rate. The law is still in this…
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Non-Budget Updates in 2018 of Interest for Companies

Non-Budget Updates in 2018 of Interest for Companies

The Draft Bill 2018 to the Income Tax Bill contains several amendments that are non-Budget that can be of interest to companies. most of these refer to corporate income and, in regards to the Amendment Bill, the Ministry of Finance even conducted a recent public consultation session. Table of ContentsIntellectual…
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Singapore – Brazil Double Taxation Agreement

Singapore – Brazil Double Taxation Agreement

Singapore and Brazil have signed an agreement for the avoidance of double taxation (DTA). The treaty will allow for double taxation relief for foreign investors, in an effort to streamline bilateral trade and at the same time encourage investment cooperation. Table of ContentsThe provisions of the Brazil – Singapore DTASingapore…
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Singapore – Japan Double Taxation Agreement

Singapore – Japan Double Taxation Agreement

The Singapore and Japan double taxation agreement (DTA) is used to establish a single point of taxation for income earned in one of the two jurisdictions when the recipient is resident of the other jurisdiction. The agreement sets the taxation rights of each of the two treaty partners. Table of…
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Corporate Governance in Singapore

Corporate Governance in Singapore

The Code of Corporate Governance issued by the Monetary Authority of Singapore and includes the basic guidelines and recommendations for listed companies. The conduct set forth in the Code is not mandatory, however, listed companies are required to disclose their specific corporate governance practices on an annual basis. Table of…
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