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Newsletter
Tax Alert
KPMG's Tax Alert examines and discusses the recent tax developments in Singapore and the implications thereof.
January 2010 (75.9 KB)
• In this issue, we examine the implications of a recent case where a taxpayer
successfully applied for leave to quash the decision of the Comptroller of
Income Tax (CIT). CIT had held the position that under interest rate swap
agreements, withholding tax should be applied to payments made to its
overseas subsidiaries. In the second part of this Alert, we highlight the recent
announcement by the CIT on the withholding tax waiver for partnerships with
non-resident partners.
December 2009 (65 KB)
• In this issue, KPMG Tax Services highlights the changes to the GST
treatment of vouchers effective from 1 January 2010. If you buy, sell or give
away vouchers in the normal course of your business, it is important that you
understand the changes as these will affect your GST treatment of these gifts.
December 2009 (74 KB)
• In this issue, KPMG Tax Services highlights an Inland Revenue Authority of
Singapore (IRAS) administrative concession that enables a GST-registered
business to claim the Singapore GST incurred by its overseas related
company under a global or regional contract arrangement.
December 2009 (75 KB)
• In this issue, KPMG Tax Services highlights the impact of Free Trade
Agreements (FTAs) to your business, particularly the ASEAN-India FTA and
the ASEAN-China FTA.
July 2009 (150 KB)
• In this issue, KPMG Tax Services highlights the enhancements made to the
Financial Sector Incentive (FSI) scheme, as detailed in the Monetary Authority
of Singapore (MAS) circulars issued on 12 May 2009 and 28 May 2009. These
circulars were issued following the Singapore Budget 2009 announcement by
the Minister for Finance on 22 January 2009.
June 2009 (132 KB)
• In this issue, KPMG Tax Services highlights the enhancements made to the
Research and Development (R&D) incentive schemes.
June 2009 (123 KB)
• In this issue, we discuss the Voluntary Disclosure Program (VDP) from the
Inland Revenue Authority of Singapore (IRAS) and significant, recent
amendments to both the GST legislation and IRAS practice.
May 2009 (49 KB)
• In this issue of Tax Alert, KPMG Tax Services highlights the
enhancements made to the fund management tax incentive schemes, as
detailed in the Monetary Authority of Singapore (MAS) circular issued on
30 April 2009. This circular followed the Singapore Budget 2009 announcement
by the Minister for Finance on 22 January 2009.
October 2008 (49 KB)
• This issue, we discuss recent Goods and Services Tax (GST) administrative
concessions granted by the Inland Revenue Authority of Singapore (IRAS).
August 2008 (75 KB)
• In this issue, we discuss recent significant Goods and Services Tax (GST)
changes to the GST (General)Regulations. Also covered, will be the
concession extended to real estate investment trusts and certain registered
business trusts listed on the Singapore Exchange.
February 2008 (74 KB)
• This issue discusses the recent amendments to the Singapore GST (General)
Regulations. These amendments affect GST-registered businesses that make
both taxable and exempt supplies.
December 2006 (119 KB)
• In this issue of Tax Alert, KPMG Tax Services highlights various year-end
compliance and planning issues applicable to companies.
August 2006 (91 KB)
• This issue examines the proposed change in the tax law to allow deduction for
treasury shares transferred under an employee equity-based remuneration
scheme and other related issues.
June 2006 (114 KB)
• Recent major GST developments, repayment of unpaid input GST and GST
legislative amendments.
February 2006 (98 KB)
• Update on Recent Case Laws
January 2006 (104 KB)
• Income tax implications arising from the adoption of Financial Reporting
Standard (FRS) 39.
December 2005 (98 KB)
• Year-End Review for Tax Compliance and Planning Issues
October 2005 (85 KB)
• Protocol amending the Avoidance of Double Taxation Agreement between
Singapore and India
• Carry-Back of Current Year Unabsorbed Capital Allowances and Losses for
Companies
April 2005 (61 KB)
• Income Tax Treatment for a Business Trust Registered under the Business
Trusts Act 2004
• Tax Incentives, Concessions and Exemptions with Limited "Shelf Life"
January 2005 (73 KB)
• Summary of Corporate Tax Changes Effective from 2004 and Year of
Assessment 2005
March 2004 (38 KB)
• Filing of income tax computations and financial statements in functional
currencies other than singapore dollars.
April 2003 (25 KB)
• Changes to the Withholding Tax Regime.
December 2002 (200 KB)
• Group Relief for Singapore Companies.
September 2002 (237 KB)
• New One-Tier Corporate Tax System.
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