In: Bulletin
IRAS Power to deny GST input tax claims on tax compliant suppliers’ invoices in the course of business – A case of “A Deal Too Good To Be True”
October 18, 2023For GST registered company to claim GST input tax, the standard IRAS requirement is to ensure that the purchases satisfy the…
Read MoreAnti-money Laundering Probe: Company Directors be Aware of its Registered Office Address Obligations
September 21, 2023Following the recent S$2.4b anti-money probe on the 10 suspects linked to 20 Singapore live companies, 11 were not present or…
Read More3 Things That I Wish I had Learned Earlier (About the coming GST rate change from 8% to 9%)
September 7, 2023Don’t issue “Advance” invoices before you have delivered the goods or rendered your services to your customer. Ask your accountant to…
Read MoreApplication of GST “Open Market Value” on commercial pricing transaction – IRAS 0, Herbalife 1
April 20, 2023In the recent court judgement on 6 March 2023, IRAS failed to enforce the application of open market value on the…
Read MoreTrade-off of Board Objectivity vs Knowledge Accumulation
December 15, 2022Trade-off of Board Objectivity vs Knowledge Accumulation – a relook at the proposed SGX limit on Independent Director (ID) Tenure at…
Read MoreDéjà vu – the repeat of the erasable ink fraud
October 7, 2022We have written about the simple fraud of deception using erasable ink on cheques in our earlier article dated 14 March 2019,…
Read More“Plant” vs “Structure”
September 8, 2022An interesting question of whether a constructed Silo operated and deployed by a company (a Singapore tax resident and incorporated company,…
Read MoreGST Advance Ruling on Whether the Value of Sale of Property should be Included in the Value of Taxable Supplies in Determining Liability for GST Registration
July 20, 2022A person is liable to register for GST if his taxable supplies made exceeded S$1m under either the respective test of…
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