A Singaporean couple running a livestreaming business selling branded goods from overseas underdeclared product values, evading over $90,000 in Goods and Services Tax (GST) and $4,000 in freight ...
Couple behind Vanity Closet fined $849,000 for evading GST
Wang Siew Ching, 34, and her husband Rayson Loo Sian Hao, 33, on Oct 15 Oct were convicted and fined for evading Goods and Services Tax (GST) on imported goods. Wang is the director of Vanity Closet ...
Singapore firm accused of deforestation through ‘shadow’ firms linked to Indonesia’s controversial food estate project
Palm oil company First Resources has denied that it has secured sugarcane concessions in Papua through its subsidiaries, which would jeopardise a no-deforestation pledge the company made almost ...
Neil Parekh Nimil Rajnikant on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill
Two Bills being debated in Parliament on Tuesday (Oct 15) “present significant opportunities” for Singapore, said NMP Neil Parekh Nimil Rajnikant. He said the Income Tax (Amendment) Bill incentivises ...
Mark Lee on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill
As Parliament debated a Bill to enforce a global 15 per cent minimum effective tax rate for large multinational enterprises (MNEs) in Singapore, NMP Mark Lee said many jurisdictions are implementing ...
Enterprise Singapore partners with African Export-Import Bank to catalyse financing for Singaporean companies expanding to Africa
Enterprise Singapore partners with African Export-Import Bank to catalyse financing for Singaporean companies expanding to Africa ...
Crypto Stocks COIN, Metaplanet, HOOD, Soar as Fresh Momentum Fuels Market Surge
Crypto-focused stocks recorded their best monthly performance. Coinbase, MicroStrategy, and Robinhood were some of the many companies that posted gains. Bitcoin mining companies also recorded ...
Couple behind livestreaming retailer fined for evading GST on branded goods
SINGAPORE: A couple behind a retailer that holds livestream sales of branded goods were convicted and fined on Tuesday (Oct 15) for evading Goods and Services Tax (GST) on imported goods.
Singapore hits brakes on $1.7 billion Allianz deal for one-time insurance cooperative after it sparks public outcry
On Monday, Singapore’s government decided to block the deal until Allianz addressed some of its concerns, including whether Income Insurance will be able to continue its social mission.
CNA Explains: What you need to know about the Income-Allianz deal being blocked by Singapore
The Singapore government intervened to stop a proposed deal between Income Insurance and German-based insurance giant Allianz, with three Cabinet ministers explaining the rationale.
Singapore eyes 15% top-up tax on MNEs to prevent foreign tax losses
The MTT will apply to Singapore-based large multinational enterprises (MNEs) that hold entities in lower-tax foreign jurisdictions. These companies must pay a top-up tax if their entities have an ...
$43M deepfake crypto romance scam leads to arrests of Hong Kong university graduates
Hong Kong authorities have identified a fraud syndicate that used deepfake technology to run a $43 million cryptocurrency romance scam. The operation resulted in the arrest of 27 individuals, ...
India less export-oriented, would be relatively unaffected by potential US tariff hikes: Fitch
Fitch said higher trade barriers in the wake of the US elections could pose additional challenges for issuers across multiple credit sectors in Asia-Pacific (APAC).
Minimum 15% tax on multinational enterprises will sustain Singapore’s edge: Indranee
CHANGES to Singapore’s tax regime will help to sustain the Republic’s economic competitiveness and provide better support to companies and individuals, while ensuring it stays aligned with ...
Indranee Rajah on Bills to sustain Singapore’s economic competitiveness
Bill and Multinational Enterprise (Minimum Tax) Bill will sustain Singapore’s economic competitiveness and provide better support to businesses and individuals, said Second Minister for Finance ...
Is Bitcoin still the best crypto bet vs. the “Wild West” of altcoins?
With altcoins likened to more speculative bets, investors face tough choices in a rapidly evolving crypto world.