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…
The Second Protocol to the Singapore-Latvia double taxation agreement entered into force in August. The changes included in this second protocol target a reduced withholding tax rate as well as other beneficial provisions and aim to encourage economic cooperation between the two countries. Foreign investors from Latvia can find that…
Branches in Singapore are considered non-residents for tax purposes and they are not treated as a separate legal entity from the parent company abroad. We invite you to watch the following video on branch taxation in Singapore: The taxation of branches in Singapore is performed according to the local corporate…
Singapore is frequently quoted as the primary example of countries that continues to diminish corporate income tax rates and introduce several tax incentives in order to attract foreign investments. The corporate income tax amount has been fixed at 17% since 2010 and it is planned on the basis of the…
Bookkeeping services are those activities related to recording, maintaining and updating all of the company’s financial transactions. They include the performed purchases, sales, payments and all of the receipts of a corporation or a sole trader. Any company registered in Singapore is required to hold the record of any financial…
