In: Bulletin
A Look at IPT (Interested Party Transaction) Breaches
July 2, 2021Recent breaches (Jun 2021) include former chief executive officer (CEO) and former executive director of Trek 2000 International for failure to make…
Read MoreThe Toothless Tiger Gets a New Denture
July 1, 2021From 1 Aug 2021, SGX RegCo will have expanded enforcement powers to issue public reprimand, or requires issuers comply with specific…
Read More“Too Good to be True”
April 16, 2021When a deal is too good, it is always true that it may be a scam. The recent IRAS GST Act…
Read MoreBusiness Owner Guide to Corruption
December 9, 2020A former assistant sales manager of a wine company was fined $3,000 for corruption on 7 Dec 2020 for paying a…
Read MoreInteresting takeaway from the first case of Tax Payer Challenge to IRAS on s33(1) Tax Avoidance in Dr W Vs Comptroller of Income tax
December 1, 2020Following the IRAS haul on medical professional this year (http://cksglobalconsultants.com.sg/iras-advisory-to-medical-professionals-running-private-practice-through-companies/ Nov 2020), we have seen the first case of challenge by…
Read MoreDo you need to seek tax clearance for your foreign & SPR employees who are away from Singapore due to the COVID-19 restriction?
November 11, 2020Generally, you will need to file an IR21 (and withhold all payments to the employees) tax clearance with IRAS for non-Singapore…
Read MoreGST Pitfall: Online Sellers
November 9, 2020Many local businesses have gone onto the online world to sell its products. With the COVID-19 restriction, this push to online…
Read MoreCorporatisation of medical professional does not in itself constitute tax avoidance under s33 in the latest decision of GCL v Comptroller of Income Tax [2020].
June 26, 2020Following from IRAS guidance in Nov 2019 on advisory to all medical professionals that conduct their medical practice through companies, it…
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