Insights

Whilst Deputy Prime Minister and Finance Minister Heng announced an estimate of nearly $60bn worth of welcome measures to support the economy through the Covid-19 pandemic in the “Resilience” and “Solidarity” budgets, many businesses will still be seeking further ways to reduce costs and improve their overall cashflow position.

Capital gains in Singapore are not taxed. This means that the distinction between whether a profit is on capital account or on revenue or trading account becomes critical.

Is your business substantially involved with the import and export of goods? Are you unnecessarily paying import GST and having to wait to file your GST return before you claim input tax credit for the import GST paid to Singapore Customs?

We have created a handy guide of Singapore Tax facts, to keep you up to date.

Transfer pricing during economic slowdown

With the rising impact of COVID-19 being seen worldwide, all industries will face significant disruption to their supply chain, workforce and cashflow. When experiencing significant stress or distress, we recommend you focus everything you do around the management of cash.

The novel coronavirus (COVID-19) pandemic is spreading around the globe rapidly. Entities need to carefully consider the accounting implications of this situation.

We highlight various practical steps businesses can take to maintain stability, managing and mitigate insolvency risks during these uncertain times.

Deputy Prime Minister and Finance Minister Heng Swee Keat, delivered the 2020 Singapore Budget on 18 February 2020. We have analysed the key tax takeaways to help you understand the changes that have been announced and how they affect both you and your business

In the light of the long (long) awaited birth of the Singapore Variable Capital Company (VCC) in January 2020, it seems like an appropriate time to do a round-up of where we are with the various options now available for structuring a fund that is managed from Singapore.

The Singapore Finance Minister, Heng Swee Keat has presented Budget 2020 on 18 February 2020. Some of the measures were aimed at cash-flow enhancement in anticipation of projected economic speed-bumps ahead and in view of the likely disruption that will be created by COVID-19. These largely revolved around enhancements of the corporate tax rebate scheme and in the area of losses and capital allowances. We take a closer look at these below.

Singapore jurisdiction implications in relation to COVID-19 - we will be updating this as the government releases new guidance

How can you report COVID-19’s impact on your business? Here’s our 10 ten questions organisations need to ask to ensure that financial statements yet to be issued are presented fairly.

The Coronavirus COVID-19 situation continues to evolve and the advice to businesses on how to respond is constantly being updated.

The spread of the Coronavirus is impacting businesses around the world. Entities need to carefully consider the accounting implications of this situation. This IFRS Alert considers the impact of the Coronavirus on 31 December 2019 year ends.

Across the globe, the spread of the coronavirus is having a significant humanitarian impact and increasingly, an economic impact from stock markets to global supply chains. As governments move rapidly to contain the spread of the virus, global employers are also working to address how to manage employees in affected areas while continuing business operations.