singapore - Tax & Revenue

HSBC Institutional Trust Services (Singapore) Ltd (trustee of Capitaland Mall Trust) v Chief Assessor

Revenue Law - Property tax - Annual value; Revenue Law - Property tax - Valuation list; Evidence - Proof of evidence - Onus of proof

Date: 16 April 2019; Court: High Court; Citation: [2019] SGHC 95; Source: Singapore Law Watch

GST: Transfer of Business as a Going Concern and Other Excluded Transactions (Third Edition)

This e-Tax Guide explains and provides examples of transactions that are regarded as neither a supply of goods nor services and hence are not subject to GST.
Date: 22 April 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

Income Tax (Singapore - Ghana) (Avoidance of Double Taxation Agreement) Order 2019

This is to notify that the Government of the Republic of Singapore and the Government of the Republic of Ghana, concluded an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. This Agreement shall apply to persons who are residents of one or both of the Contracting States.
Date: 12 April 2019; Type: Federal Subsidiary Legislation; Citation: No. S 313; Source: Singapore Statutes Online

IRAS e-Tax Guide on Carry-Back Relief System (Fourth Edition)

This e-Tax Guide provides details on the carry-back relief system. The carry-back relief under Section 37E of the Income Tax Act is available to all persons carrying on a business, including sole-proprietorships and partnerships.
Date: 09 April 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

GST: Advance Ruling System (Fourth Edition)

This e-Tax Guide explains the GST advance ruling system and the application procedures.
Date: 05 April 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

Goods and Services Tax Act (Amendment of Fifth Schedule) Order 2019

This Order comes into operation on 1 May 2019.
Date: 04 April 2019; Type: Federal Subsidiary Legislation; Citation: No. S 289; Source: Singapore Statutes Online

Income Tax Act (Amendment of Seventh Schedule) Order 2019

This Order comes into operation on 1 May 2019.
Date: 04 April 2019; Type: Federal Subsidiary Legislation; Citation: No. S 290; Source: Singapore Statutes Online

IRAS e-Tax Guide on Corporate Income Tax-Objection and Appeal Process (Second Edition)

This e-Tax Guide sets out the administrative aspects of to the objection and appeal process and provides guidance to taxpayers on filing a valid objection.
Date: 04 April 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

Customs (Exemption from Motor Vehicles Special Tax) (Revocation) Order 2019

This Order is deemed to have come into operation on 18 February 2019.
Date: 01 April 2019; Type: Federal Subsidiary Legislation; Citation: No. S 248; Source: Singapore Statutes Online

IRAS e-Tax Guide on Group Relief System (Second Edition)

This e-Tax Guide provides details on the group relief system effective from the Year of Assessment 2003.
Date: 29 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

Goods and Services Tax (Electronic Service) Regulations 2019

These Regulations come into operation on 1 April 2019.
Date: 29 March 2019; Type: Federal Subsidiary Legislation; Citation: No. S 189; Source: Singapore Statutes Online

Goods and Services Tax (Imports Relief) (Amendment No. 2) Order 2019

This Order comes into operation on 1 April 2019.
Date: 29 March 2019; Type: Federal Subsidiary Legislation; Citation: No. S 188; Source: Singapore Statutes Online

Claiming GST on Expenses for Qualifying Funds

This is to notify that when the financial services provided fall within the 4th Schedule of the GST Act, the services are exempt supplies. No GST needs to be charged for exempt supplies.
Date: 28 March 2019; Type: Guideline; Source: Inland Revenue Authority of Singapore

GST: Guide on Exemption of Investment Precious Metals (IPM) (Ninth Edition)

This e-Tax Guide provides details on the GST exemption of investment gold, silver and platinum. It is relevant to businesses that trade in physical gold, silver and platinum.
Date: 27 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

GST: For Retailers Participating in Tourist Refund Scheme (Refund Claims made on or after 4 Apr 2019)

This e-Tax guide provides details on the features and refund mechanism of the Electronic Tourist Refund Scheme (eTRS).
Date: 22 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

GST: Guide for Visitors on Tourist Refund Scheme (Refund Claims made on or after 4 Apr 2019)

This e-Tax Guide provides details on how you can get a refund of the GST paid on the goods you have purchased and brought out of Singapore.
Date: 22 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

GST: The Electronic Tourist Refund Scheme (eTRS) (Refund Claims made on or after 4 Apr 2019)

This guide aims to cover the description of the process and data flow, conditions and fee applicable for the participation, application procedures and an overview of the system requirements under the Electronic Tourist Refund Scheme (eTRS).
Date: 22 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

Goods and Services Tax (General) (Amendment) Regulations 2019

These Regulations come into operation on 4 April 2019.
Date: 15 March 2019; Type: Federal Subsidiary Legislation; Citation: No. S 137; Source: Singapore Statutes Online

IRAS e-Tax Guide on Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses (Second Edition)

This e-Tax Guide provides details on the tax treatment of foreign exchange gains or losses for businesses (banks and businesses other than banks).
Date: 14 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

GST: Approved Third Party Logistics Company Scheme (Third Edition)

This e-Tax Guide explains how the Approved Third Party Logistics (3PL) Company Scheme works and the qualifying conditions.
Date: 11 March 2019; Type: Guide; Source: Inland Revenue Authority of Singapore

INDUSTRY UPDATES

House rejects Four Candidates for Chief Justice

Jakarta, May 22 (ANTARA) - The House of Representatives (DPR) Commission III rejected four candidates proposed by the Judicial Commission for chief justice during a plenary session held in Jakarta on Tuesday.

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INDUSTRY UPDATES

18 Items listed under Festive Season Price Control Scheme for Aidilfitri, Gawai

KUCHING, May 22 (Bernama) - The Ministry of Domestic Trade and Consumer Affairs has listed 18 items under the Festive Season Price Control Scheme (FSPCS) in conjunction with Aidilfitri and 14 items for Gawai Dayak which will be celebrated in June.

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INDUSTRY UPDATES

Phone Call not from Officer or Staff of Penang Courts - Chief Registrar's Office

PUTRAJAYA, May 21 (Bernama) - The Federal Court Chief Registrar’s Office (PKPMP) has denied an individual’s claim about receiving a phone call from an officer or employee of the Penang courts.

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INDUSTRY UPDATES

ASEAN told to improve Production Technology and Capacity

KUALA LUMPUR, May 21 (Bernama) - Southeast Asia, particularly Malaysia, should focus on improving production technology and capacity, as well as regional integration in order to benefit from the shifting of supply chains due to changes in global trade, says HSBC Bank Malaysia Bhd.

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INDUSTRY UPDATES

No Freeze in Intake of Foreign Workers - Ministry

KUALA LUMPUR, May 18 (Bernama) - The Human Resources Ministry has clarified that there is no freeze in the recruitment of foreign workers although many applications to bring in workers have been rejected for non-compliance with the law.

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INDUSTRY UPDATES

Actions against those who tarnish Judiciary's Image, Dignity, says CJ

PUTRAJAYA, May 17 (Bernama) - Actions will be taken against those who tarnish the judiciary's image and dignity, says Chief Justice Datuk Tengku Maimun Tuan Mat.

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INDUSTRY UPDATES

Right Decisions only Way for Judiciary to recover Glory - Attorney General

PUTRAJAYA, May 17 (Bernama) - Attorney-General Tommy Thomas says judges must always endeavour to make the right decisions, without fear or favour, and regardless of the personality of the party or the accused before them.

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INDUSTRY UPDATES

Transport Ministry makes it More Flexible for e-hailing Drivers to obtain PSV Licence

KUALA LUMPUR, May 17 (Bernama) - The Ministry of Transport is willing to make it easier for e-hailing drivers to clock in the six hours of course time to obtain a Public Transport Vehicle (PSV) licence.

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INDUSTRY UPDATES

RM1.56 Mln Fine on Poachers, highest so far for Wildlife Crimes

PUTRAJAYA, May 17 (Bernama) - The Kuala Terengganu Sessions Court's decision to fine RM1.56 million each on two Vietnamese poachers has been the highest amount so far for wildlife crimes in the country's history, said Water, Land and Natural Resources Minister Dr Xavier Jayakumar.

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INDUSTRY UPDATES

Delegation of Lawmakers visit Netherlands

Hanoi, May 15 (VNA) - A delegation of the National Assembly’s Committee on Laws led by the committee’s vice chairman Pham Tri Thuc has just paid a working visit to the Netherlands.

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INDUSTRY UPDATES

Adib Inquest: Lawyer grills Forensics Expert on 'Probability Report'

SHAH ALAM, May 16 (Bernama) - A lawyer questioned the ‘probability report’ of a specialist medical witness in the inquest into the death of Muhammad Adib Mohd Kassim, that injuries to the right chest of the firefighter were caused by a curb or road shoulder.

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INDUSTRY UPDATES

Telecom Regulator proposes Online Sim Card Registration

The Lao Telecommunication Regulatory Authority is developing an application for use as a possible option to speed up sim card registration.

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INDUSTRY UPDATES

Government agrees to appoint a Youth to represent them in the Senate

BANGI, May 15 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad announced that the government has agreed to appoint a member of the Senate from among the youths with wide expertise and knowledge in the field and issues on the development of youths.

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INDUSTRY UPDATES

MoF sets up Debt Management Office

KUALA LUMPUR, May 15 (Bernama) - The Ministry of Finance has set up the Debt Management Office (DMO) to review and manage the government’s debt and liabilities.

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INDUSTRY UPDATES

RoK helps Vietnam accelerate Judicial Reform

Hanoi, Apr 26 (VNA) - The Supreme People’s Court and the Korea International Cooperation Agency (KOICA) launched a project on improving trial transparency and quality at Vietnamese courts during a ceremony in Hanoi on April 26.

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INDUSTRY UPDATES

DOLE announces 29 Job Fir Venues Nationwide on Labor Day

MANILA, Apr 29 (PNA) - The Department of Labor and Employment (DOLE) is inviting job seekers to a nationwide job fair on May 1.

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INDUSTRY UPDATES

Universities, Industry Players to join forces for IR 4.0

GEORGE TOWN, Apr 29 (Bernama) - The joint forces of the brains in the universities and the capacity and capabilities of key industries will make a change for a better world through the Fourth Industrial Revolution (IR 4.0), said Universiti Sains Malaysia (USM) vice-chancellor Prof Dr Asma Ismail.

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INDUSTRY UPDATES

BNM appoints Two External Members to Monetary Policy Committee

KUALA LUMPUR, Apr 29 (Bernama) - Bank Negara Malaysia (BNM) has reappointed Professor Dr Yeah Kim Leng and appointed Datuk Dr Gan Wee Beng as external members of its Monetary Policy Committee (MPC) effective April 1, 2019.

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