Future Proofing the Tax and Finance Functions
TAKEAWAYS The global landscape is undergoing a seismic shift, with the COVID-19 pandemic and accelerated digitalisation being among the key triggers. In response to this shift, many businesses are re-examining and re-evaluating aspects of their operating models, and one area is the transformation of the tax and finance functions. In this article, we discuss why […]
Futureproofing The Tax And Finance Functions
TAKEAWAYS The global landscape is undergoing a seismic shift, with the COVID-19 pandemic and accelerated digitalisation being among the key triggers. In response to this shift, many businesses are re-examining and re-evaluating aspects of their operating models, and one area is the transformation of the tax and finance functions. In this article, we discuss why […]
Extension of IRAS’ Power To Disclose Taxpayers Information
TAKEAWAYS In this era of big data, businesses and organisations place great importance on data privacy and confidentiality to assure customers and users that they can be trusted with personal data. It is no wonder that some eyebrows were raised last year when the government proposed amendments to tax laws to facilitate the disclosure of […]
The Bare Side Of Transfer Pricing
TAKEAWAYS Indicative margins are generally applicable for loans under a certain value. What can be done if a related party loan exceeds the threshold? This was just one of the many transfer pricing (TP) issues discussed at a new-format online session organised by the Singapore Chartered Tax Professionals. During the robust session which focused on TP […]
Pro Forma Financial Information Preparation
TAKEAWAYS Companies looking to list on the Singapore Exchange (issuers) must include pro forma financial statements in the prospectus if certain rules apply under the 5th Schedule of the Securities and Futures Act (Cap. 289) (the “Regulation”) and Singapore Exchange (SGX) Listing Rules (LR). These statements benefit investors by providing a more complete overview of the issuer’s […]
Tax Aspects of Remote Work
TAKEAWAYS Hybrid work arrangements, or remote working, are now commonly adopted by employers worldwide, including in Singapore, due to work-from-home arrangements put in place during the COVID-19 pandemic. This article explores the Singapore and foreign tax implications that may arise from cross-border remote work arrangements. TAX CONSIDERATIONS FOR THE EMPLOYEE Singapore tax implications Source of […]
Managing Employment Tax Compliance
TAKEAWAYS The transformation of the global employment landscape since COVID-19 has been nothing short of astonishing. Unthinkable just a few years ago, remote and hybrid work arrangements are now the default arrangements for a large part of the global workforce. The continual evolution of established working norms and the rise of the gig economy have […]
