This is not the first time Iras has offered the reward for information on tax avoidance or evasion. Read more at straitstimes.com. ( read original story ...)
Iras to reward whistleblowers on private property deals exploiting ‘99-to-1’ loophole to evade ABSD
This is not the first time Iras has offered the reward for information on tax avoidance or evasion. Read more at straitstimes.com. ( read original story ...)
Distressed property listings in S’pore jump in Q1 as bankruptcies rise
Both Knight Frank and Edmund Tie saw higher numbers of mortgagee listings in the first three months of the year. Read more at straitstimes.com. ( read original story ...)
HDFC Bank to acquire 20% or more in Griha Pte, gets Singapore regulatory nod
Griha Pte, founded in 2012, is a private equity fund manager headquartered in Singapore and registered with MAS. The entity is a foreign step-down subsidiary of the Housing Development Finance ... ( read original story ...)
China and Singapore collaborate to implement sustainable financing
Reportedly the joint venture of Monetary Authority of Singapore and People’s Bank of China will also include China-Singapore Green Finance Taskforce (GFTF) ... ( read original story ...)
Why a Singapore-based fundraising platform is returning money raised for Malaysian toddler with rare disease to donors
Singapore-based fundraising platform Give.Asia had already raised RM715,272 (S$215,200) for a Malaysian family whose toddler is suffering from a ... ( read original story ...)
What is the 99-1 loophole in Singapore and is it illegal? Here’s how to plan ABSD taxes, not evade them
The mark of a true blue Singaporean isn't how well he/she can follow the law, it's about getting around it without breaking it.But all that becomes tricky when we're talking about tax. Where do we ... ( read original story ...)
Tokenised high-value assets such as whisky, property becoming more popular with small investors
Expensive liquor, wines and watches are no longer the preserve of the ultra-rich. Read more at straitstimes.com. ( read original story ...)
Buyers in ‘99-to-1’ property deals can voluntarily pay ABSD, Iras will look at cases more favourably
About 0.5 per cent of private residential properties transacted in 2018-2021 used “99-to-1” arrangement. Read more at straitstimes.com. ( read original story ...)
Less than 1% of private home transactions in Singapore use 99-to-1 arrangement: Finance Ministry
SINGAPORE: From 2018 to 2021, about 0.5 per cent of private residential properties transacted involved “99-to-1” or similar arrangements, and action will be taken against both buyers and property ... ( read original story ...)
Singapore property investment activity slows on high interest rates
Real estate investment activity in Singapore shrank to about US$4bil (RM18bil) in the first quarter – the lowest quarterly volume registered since the fourth quarter of 2020, at the height of the ... ( read original story ...)
Singapore’s MAS Plans For ESG Rules, Pushes Transition Finance
Singapore’s central bank proposed a slate of ESG regulations for financial institutions and listed companies on Thursday, demonstrating both the goal to align with emerging international standards and ... ( read original story ...)
Property investment volume falls 63.3% YoY to $4b
It is the lowest quarterly investment volume registered since Q4 2020. Singapore’s property market recorded its lowest quarterly sales in almost three years in Q1 at $4b. According to Colliers, the Q1 ... ( read original story ...)
Does It Makes Sense For A Foreigner To Buy A Property In Singapore?
Known for its reputation as a safe haven asset, Singapore’s property market has been coveted as a go-to location for many foreigners to park their wealth in. Just by looking at the recent pandemic, we ... ( read original story ...)
Analysis: Wealth taxes on inherited property, luxury cars are ‘attractive’ suggestions by MPs, but challenging, costly to enforce
A tax on luxurious goods such as high-end cars and landed property as well as an inheritance duty on multi-million-dollar homes may seem like plausible ways to protect Singapore's meritocracy, but it ... ( read original story ...)
Singapore real estate is soaring: Check YoY returns, rental income | Can Indians buy property in Singapore? DECODED
According to the data released by Singapore’s Urban Redevelopment Authority’s (SURA) rental index, Singapore's residential property prices surged by a whopping 29.7 per cent year-on-year in the year ... ( read original story ...)