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Tag: tax

Posted on 28/02/2024

Singapore does not need further GST increases up to 2030 as ‘we’re in a sound position’: DPM Wong

There will be no further increases in the Goods and Services Tax (GST) up to year 2030, said Deputy Prime Minister Lawrence Wong in Parliament today (Feb 28) as he wrapped up the debate on his Budget ...

Posted on 28/02/2024

Singapore businesses ‘jump on bandwagon’ as Taylor Swift mania hits crescendo ahead of Eras shows

From bracelet-making workshops to singalong events, Singapore business owners are cashing in on the staggering economic benefits of Swift’s Eras Tour, which is the first to gross more than US$1 ...

Posted on 28/02/2024

More Singapore businesses will have to report sustainability information, starting with listed firms in 2025

Singapore will require all listed firms to make climate-related disclosures from financial year 2025, followed by large non-listed firms two years later.

Posted on 28/02/2024

Singapore-registered firm accused of swindling $1.2b from 26,000 people in Japan’s largest scam

Sky Premium was billed as Singapore's first invitation-only “exclusive privileges club”. Read more at straitstimes.com.

Posted on 28/02/2024

Woman charged after allegedly misappropriating $5.6m from crypto exchange to buy luxury car, goods

Singaporean Ho Kai Xin, who was ordered by the High Court in July 2023 in civil proceedings to pay back the stolen sums to ByBit Fintech, had purportedly used the funds to buy a $362,000 Mercedes car ...

Posted on 28/02/2024

Singapore must transform to meet ‘very ambitious’ productivity targets, achieve real growth: Lawrence Wong

This requires continual transformation, he said: Firms must learn new ways to do business, workers must learn new skills and embrace new technologies, and new sectors must replace declining industries ...

Posted on 28/02/2024

Woman accused of pocketing US$4.2 million from crypto firm charged with cheating and other offences

A pair of slippers, a bag, a car and a pair of sunglasses were seized as proceeds of crime. (Photos: Singapore Police Force) SINGAPORE: A woman who handled the payroll for a cryptocurrency exchange ...

Posted on 28/02/2024

Woman who bought luxury car, goods after $5.6m in crypto goes missing from exchange charged

SINGAPORE - A woman who was sued by a crypto exchange over her alleged misappropriation of US$4.2 million (S$5.6 million) worth of crypto has been charged in court. Singaporean Ho Kai Xin, who was ...

Posted on 28/02/2024

Here’s How 10 APAC Markets Are Approaching Crypto Regulation

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse ...

Posted on 28/02/2024

The case for an Exim bank for Singapore

Amid a challenging global trade environment, Singapore should consider establishing a dedicated export promotion agency. Read more at straitstimes.com.

Posted on 28/02/2024

Southeast Asia lays the groundwork to become crypto, blockchain, AI hub

The Southeast Asia region was highly represented in Chainalysis’s 2023 global crypto adoption index, with countries such as Vietnam, the Philippines and Thailand on the brink of a crypto revolution.

Posted on 28/02/2024

Singapore foreign interference law: Who will it affect?

For decades, global business hub Singapore has lauded itself as one of the world's most open economies. But the Southeast Asian country's new foreign interference law could taint its liberal image.

Posted on 27/02/2024

Hong Kong prepares sweeping rules to foil stealthy crypto purchases

Officials estimate 450 shops, ATMs and websites in Hong Kong offer crypto trades. Read more at straitstimes.com.

Posted on 27/02/2024

How Singapore NRIs can navigate DTAA hurdle on capital gains tax

Singapore does not levy any tax on capital gains; NRIs there, however, have to pay tax in India and file for refunds.

Posted on 27/02/2024

Singapore Remittance Firm Hits Back at Regulator, Denies Fraud

A Singapore remittance company is hitting back against the ... Samlit Moneychanger Pte categorically rejects that it carried on any business for any fraudulent purpose and “any claims to such effect ...

Posted on 26/02/2024

An abrupt exit at a Goldman Sachs-backed crypto bank spotlights the industry’s tug-of-war with regulators

Anchorage Digital, the only federally chartered crypto bank backed by some of the biggest names in finance, is wrestling with regulatory scrutiny.

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