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Tag: tax

Posted on 20/02/2024

Singapore lures Taylor Swift with grant for sold-out March concerts

Singapore has awarded Taylor Swift a grant to perform in the city-state, government authorities said on Tuesday, acknowledging efforts to persuade the pop superstar to perform on the island - her only ...

Posted on 20/02/2024

KPMG: Singapore to remain attractive to businesses with QRTC scheme

Lion City’s adoption of a QRTC scheme could serve as a strategic move to cushion the impact of the new global standard ...

Posted on 20/02/2024

Singapore Airline’s Q3 net profit climbs on robust ticket sales

Net income grew 5% to US$490 million as the carrier extended its lead over regional rival Cathay Pacific Airways.

Posted on 20/02/2024

Coinremitter Aims 15 Million Successful Crypto Transactions By the End of 2024

SINGAPORE, SINGAPORE / ACCESSWIRE / February 19, 2024 / The crypto market is witnessing consistent growth year by year. With the increasing number of individuals and businesses accepting crypto ...

Posted on 19/02/2024

Singapore Sets Sights on AI Leadership with $743 Million Investment

Singapore invests $743M in AI to become a global tech leader, focusing on innovation, talent, and ethical AI use.

Posted on 19/02/2024

Asian Family Offices Seek to Supercharge Crypto Investments

Asian family offices are gearing up for higher investments in cryptocurrencies, as Bitcoin extends an upward streak.

Posted on 19/02/2024

CNA Explains: How a new tax scheme aims to retain the Singapore ‘brand’ and keep attracting foreign investment

Base erosion, profit shifting, a global minimum corporate tax rate and Singapore's new Refundable Investment Credit - CNA's Tang See Kit tries to make sense of it all.

Posted on 19/02/2024

Singapore Budget 2024: PPHS (Open Market) Voucher, Property Tax Annual Value (AV) Revisions, and More

Well, the Singapore Budget 2024 statement includes even more relief for owner-occupiers of residential properties concerned about high property tax prices. Effective January 2025, the property tax ...

Posted on 19/02/2024

Singapore introduces new Section 10L to tax gains from the sale or disposal of foreign assets

Historically, Singapore does not tax capital gains. Only gains which are “income” in nature are taxed.However, from January 1, 2024 onwards, Singapore has intro ...

Posted on 19/02/2024

Refundable Investment Credit, strong fiscal position will give Singapore edge: tax experts

WHILE jurisdictions elsewhere have introduced or are planning measures similar to Singapore’s new Refundable Investment Credit (RIC) scheme, the city-state’s strong track record and fiscal ability, ...

Posted on 19/02/2024

Singapore airfares set to rise on sustainable aviation fuel levy: ‘there will be a cost’

The levy will vary depending on factors such as the length of the flight and whether the passenger is flying in economy, Singapore’s government said.

Posted on 19/02/2024

Outbound travellers from Singapore to pay levy from 2026 as part of sustainable air hub drive

TRAVELLERS departing Singapore will have to fork out more for their air tickets from 2026 because of a levy that will be imposed due to a requirement for flights to use sustainable aviation fuel. Read ...

Posted on 19/02/2024

Commentary: Crucial to secure Singapore’s main revenue source, given little leeway for more GST or wealth taxes

SINGAPORE: If last year’s Budget was a Valentine’s Day ... the government must have sufficient and sustainable revenue sources. Corporate income tax revenue continues to be the main source of ...

Posted on 19/02/2024

FDA lifts ban on pork imports from Singapore

After a nine-month ban, the Food and Drug Administration (FDA) is again allowing pork imports from Singapore after it was declared free from African swine fever virus. FDA director general Samuel ...

Posted on 18/02/2024

Property tax changes could ease home owners’ burden but developers see limited relief

SINGAPORE – Several property-related policy adjustments announced in Budget 2024 will help bring relief to many private residential home owners – who saw their property tax bills balloon this year – ...

Posted on 18/02/2024

Heart of the Matter – Budget 2024: Is this a blueprint for a new Singapore?

From significant top-ups to SkillsFuture credits to ITE students getting incentives to upskill, Budget 2024 is a shift in the kind of society the new fourth generation, or 4G, leadership wants to ...

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