Singapore Budget 2021 – Corporate and Business
NAVIGATION Corporate Income Tax (CIT) Rate Extension and Enhancement of the Carry-Back Relief Scheme Extension of Option to Accelerate Eligible Claim on Cost of Plant and Machinery (P&M) Withdrawal of Accelerated Depreciation Allowances for Highly Efficient Pollution Control Equipment (ADA PCE) Scheme Extension of Option to Accelerate Eligible Deduction on Renovation and Refurbishment (R&R) Expenses…
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Tax Dept
Morison Global’s new Chair and Vice Chair
We would like to congratulate our managing partner, Mr. Paul Wan, to be elected to the position of chairmen of Morison KSi (Now known as Morison Global), our global network of 160 accounting firms in 85 different territories. Paul Wan has been elected Chair, and Mark Baran Vice-Chair, of the Morison KSi Limited Board of…
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Wan Wei Han
Quick Guide: Singapore Corporate Capital Gains Tax
Singapore Corporate Tax season 2020 is now underway and companies are required to e-file their Corporate Income Tax Returns for YA2020 before 15 December 2020. All Singapore Companies are required to file annual income tax returns online to the Inland Revenue Authority of Singapore (IRAS) and pay income tax at the prevailing Singapore corporate tax…
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Tax Dept
The Singapore Enhanced Carry-Back Relief System
With the recent opening of Corporate Tax Season this year, it is in the best interest of Singapore companies and businesses to learn more about tax reliefs, schemes and incentives offered by the Inland Revenue Authority of Singapore (IRAS) to maximize their tax savings. Singapore has maintained a high Global Business Complexity Ranking and remains…
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Tax Dept
Tax Guide: Singapore Capital Allowances
By law, all Singapore Companies are required to file annual income tax returns to the Inland Revenue Authority of Singapore (IRAS) and pay income tax at the prevailing local corporate tax rate charged on chargeable income. To help Singapore companies and businesses remain competitive by global standards, the local government offers various tax relief, deductions…
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