With the limelight on ESG, companies need to demonstrate prudent tax governance - a key aspect of sustainable and ethical business practice. Find out how in this article published on The Business Times.

This year's budget has been delivered in Parliament by Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, on 16 February 2024. Find the key highlights of Singapore Budget 2024 here.

From Jan 1, 2024, gains received in Singapore from the sale of foreign assets will be treated as income chargeable to tax, based on the newly enacted section 10L of the Singapore Income Tax Act 1947. It is crucial for businesses to assess the potential impact section 10L can have and take the necessary steps.

Highlights of “Moving forward in the new era” - Singapore Budget 2023

Effective 1 July 2021, businesses which focus on e-commerce supplies of goods within the EU will be subject to new VAT rules. Read more here.

Most of today’s international CIT standards were laid down during the 20th century on an agreed principle that, through the notion of ‘Permanent Establishment’ (PE), corporate incomes must be taxed in (and by) the State in which a business activity is carried out.

In the field of taxation, it is similarly important to have a discerning view towards coin offerings. Let's take a look at some of the implications for issuers, from the standpoint of income tax and GST.