Insights

Singapore is a top destination for affluent and highly skilled expatriates due to its strong economy, low taxes (progressive income tax capped at 24%), political stability, and high quality of life. Due to its thriving economy and strategic business positioning, it has become increasingly attractive for expatriates and their families. However, navigating Singapore Law regarding employment passes and laws and permanent residency may be unfamiliar territory for expatriates. Hence, this article offers insight on the key legal and tax considerations for expatriates when moving to Singapore.

Our 2025 Women in Business report explores the external pressures and internal drivers that impact gender diversity in leadership teams in the mid-market.

Explore a summary of the key highlights announced in the Singapore Budget 2025 revealed by Minister for Finance Lawrence Wong on 18 February 2025.

The Singapore Budget 2025 is scheduled to be announced by Deputy Prime Minister and Minister for Finance Lawrence Wong on 20 February 2025. This hub will be where you can get key takeaways and potential impacts from our tax experts, empowering businesses and individuals to make informed decisions.

Explore a summary of the key highlights announced in the Singapore Budget 2025 revealed by Minister for Finance Lawrence Wong on 18 February 2025.

In this webinar, our expert speakers highlight the requirements of the annual employer reporting, and share case studies on rectifying tax positions with the IRAS.

A handy guide of Singapore Tax facts to keep you up to date of the tax rates and conditions in Singapore.

All related party transactions should be conducted at arm's length, ie as if parties were unrelated.

Goods and Services Tax (GST) is the principal indirect tax in Singapore (akin to value-added tax in other countries).

Withholding tax is generally a final tax where the income in question is not derived from the provision of services.

Property tax is a tax levied on property ownership. The annual tax payable is a percentage of the annual value of the property, which is the gross amount for which the property is expected to be let out in that year.

Under the modified territorial basis of taxation, companies in Singapore are subject to tax on income accruing in or derived from Singapore and foreign income received or deemed received in Singapore from outside Singapore.

Individuals (resident and non-resident), are only liable to income tax in respect of income accruing in or derived from Singapore. The tax year is the calendar year.

The International Accounting Standards Board (IASB) has introduced IFRS 18, Presentation and Disclosure in Financial Statements, which replaces IAS 1, aiming to improve communication and comparability in financial statements. Effective for reporting periods beginning on or after 1 January 2027, IFRS 18 introduces substantial changes, particularly in the statement of profit or loss, to address the lack of detailed guidance in the previous standard.

Transfer pricing regulations by the Organisation for Economic Cooperation and Development (OECD) and Singapore have specific provisions to talk about intercompany service transactions. This article delves into what Singapore taxpayers need to know about service transactions under these regulations and highlights typical mistakes businesses may make.

The International Accounting Standards Board (IASB) regularly publishes new International Financial Reporting Standards (IFRS), Interpretations of Standards (IFRIC) or amendments to existing IFRS Standards.