Tax
You will find insights on various topics by our Mazars tax professionals. For more information, please contact Gene Kwee, our Head of Tax.
Singapore seeks to explore a 15% Minimum Effective Tax Rate
Singapore is looking to update its corporate tax system to account for global tax developments relating to BEPS 2.0.
Tax Governance Framework and Tax Risk Management and Control Framework for Corporate Income Tax
To encourage Singapore companies to adopt good tax governance and tax risk management practices so as to give confidence to its stakeholders and the general public that it is transparent in its tax matters and is contributing its fair share of taxes, the Inland Revenue Authority of Singapore (IRAS) recently introduced two new voluntary tax compliance initiatives:
Updated conditions for tax exemption of qualifying funds managed or advised by family offices
The Monetary Authority of Singapore (“MAS”) has announced the updated conditions for family offices to receive tax incentives in Singapore, effective 18 April 2022.
Common Reporting Standard (CRS) Obligations of Singapore Financial Institutions
The CRS calls on participating jurisdictions to exchange financial account information to enable tax authorities to combat offshore tax evasion.
Singapore Budget 2022 Commentary - A Bold Budget
On 18 February, Finance Minister Mr. Lawrence Wong delivered the much-anticipated Budget 2022 speech. The Budget remains expansionary, with an estimated ministry spending of S$102.4 billion, marking a 4.1 percent increase from the total expenditure in the previous year.
Tax Planning Ideas for Businesses Affected by Covid-19
As we enter the third year of the global pandemic, the far-reaching implications of COVID-19 on businesses are far from over. Many organisations are left wondering how to effectively manage their tax losses arising from this period of uncertainty.
Budget 2022 Wish list
Accelerating sustainable growth: What are some of the measures that we might expect in Budget 2022?
Tax considerations for transactions involving digital tokens
As digital tokens gain popularity in Singapore, it is important to be aware of the key tax considerations of digital tokens and their complexities.
Tax incentive for headquarters activities: What’s in it for businesses?
Considering moving your regional or global hub to Singapore? Singapore continues to be an attractive location for many companies looking to springboard into new markets in the region and across the world. The city-state is known for its strategic location, business friendly legislation and significant tax incentives.
Steering Clear of Missing Trader Fraud
Increasing market and regulatory complexities pose a challenge for businesses to fulfill their tax obligations in the day-to-day operations. The COVID-19 crisis has impacted the sourcing of business, leaving companies at higher risk of falling victim to fraudulent activities.