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Tag: tax

Posted on 05/08/2025

Jane Street under I-T dept scanner for potential tax violation via Singapore entities

India's tax authorities investigate US trading firm Jane Street for potential tax law violations and price manipulation allegations.

Posted on 05/08/2025

ICAEW: Singapore’s exports growth to slow in H2 2025, most vulnerable …

With exports accounting for 124% of Singapore’s GDP, the expected weakening of the global exports outlook will also weigh on the local economy. Early signs of this spillover effect are already ...

Posted on 05/08/2025

Singapore shares boosted by retail sales growth; STI up 0.3%

Across the broader market, advancers outnumber decliners 297 to 218. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 05/08/2025

Added pillars emerge for Singapore-Vietnam trade

As Vietnam–Singapore trade accelerates, electronics, machinery, rice, and, renewable energy are set to anchor bilateral momentum.

Posted on 05/08/2025

Car ownership in Singapore is progressive through additional registration fee: MOT

Ministry was responding to a commentary in BT on introducing ABSD-like elements to the COE system Read more at The Business Times.

Posted on 05/08/2025

Crypto Derivatives Surge in 2025: Institutions and the Rise of Perpetual Futures

We look at the explosive growth of crypto derivatives in 2025, fueled by institutional adoption, perpetual futures, and the convergence of CEX and DEX platforms.

Posted on 05/08/2025

I swapped Britain for safe, clean, low-tax Singapore – and my happiness has soared

When I wake up to sunshine every morning and walk to work along Singapore’s clean, safe streets, I get goosebumps because life feels about as good as it can get right now.

Posted on 04/08/2025

Two men to be charged over suspected fradulent GST claims involving S$181 million in fake sales

One man allegedly submitted three fraudulent Goods and Services Tax refund claims to the Inland Revenue Authority of Singapore, to try and cheat it into disbursing S$11.8 million.

Posted on 04/08/2025

4 arrested after Singapore Customs seize over 4,000 cartons of contraband cigarettes

The total duty and goods and services tax (GST) evaded amounted to about $467,000. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 04/08/2025

Singapore launches economic strategy review to stay competitive amid global, tech shifts

SINGAPORE: Singapore announced on Monday (Aug 4) that it will undertake a review of its economic strategy amid structural shifts, including geopolitical realignments and technological disruptions.

Posted on 04/08/2025

Billionaire Ong pleads guilty in Singapore political gift scandal

A billionaire best known for bringing Formula One night racing to Singapore has pleaded guilty in relation to a scandal to supply one of the city-state’s most senior politicians with luxury gifts.

Posted on 04/08/2025

F1 tycoon pleads guilty in rare Singapore corruption case

A billionaire hotelier is set to plead guilty to abetting offences in a rare corruption case that gripped Singapore and landed a former minister in jail.

Posted on 04/08/2025

Fresh grads still in demand at Singapore’s professional services firms, despite gloomy job market

SINGAPORE] Professional services firms in Singapore are keeping graduate hiring steady – or even raising it – in 2025, defying broader concerns about a softening job market for fresh university ...

Posted on 03/08/2025

Trump modifies reciprocal tariffs ahead of deadline; rate on Singapore remains at 10%

A senior US official said the tariff rate will be 10% for trade partners the US enjoys a trade surplus with. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 02/08/2025

Singapore’s exports to face continued 10% US tariff as MTI confirms no change under new order

Singapore’s exports to the US will remain subject to a 10% baseline tariff under a new executive order. The Ministry of Trade and Industry (MTI) confirmed on Friday that it has verified this with the ...

Posted on 02/08/2025

Property ‘decoupling’ illegal if done solely to avoid taxes: High Court

Owners can potentially face two sets of tax penalties if the decoupling is merely a sham arrangement to still co-own that same property Read more at straitstimes.com. Read more at straitstimes.com.

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