You can claim deduction for expenses that are incurred in the production of income. It must also be revenue in nature; the deduction must not be
Frequently Asked Questions : Taxation & Accounting
Goods & Services Tax (GST) is a self-assessed tax. This means that businesses are required to continually assess the need to register for GST.
There are two broad categories of exempt supply. They include the sale and lease of residential properties and financial services specified in
An Out-of-Scope Supply is a supply which is not made in Singapore (for example, sale of goods from China to India where the goods do not enter
Understatement of income Businesses should properly account for all the earnings and invoices issued for goods sold or services rendered. Omission
There is no tax in Singapore on Capital Gain.
Voluntary Goods & Services Tax (GST) registration is allowed if: Your annual turnover is not more than $1 million; You only supply goods
As a Singapore Permanent Resident (SPR), you will be considered a tax resident. You may refer to the Rikvin resource page for Singapore Personal Taxes
Under the normal scenario, personal overseas income received in Singapore is not taxable. This includes overseas income paid into a Singapore bank
A Singapore Branch Office is considered a non-resident company for tax purposes. Hence, it is not eligible for tax incentives. This is why most
The Employment Pass (EP) does not fall under any quota system nor is there a monthly levy charge for EP. The Ministry of Manpower (MOM) will review
Your Central Provident Fund (CPF) nomination allows you to specify who to receive your CPF savings, and how much each nominee should receive, when you