A new report calls on the Singapore government to provide financial support that will help companies accelerate their digital transformation and sustainability programs.
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The Bill has changes that help align it better with Singapore’s policy objectives while improving its tax administration, said MP Sharael Taha. Speaking in Parliament on Tuesday (Oct 3), he said the introduction of the Enterprise Innovation Scheme will encourage more businesses to engage each other in innovation and
Singapore is proposing to amend its taxation of foreign-sourced income under a Bill moved for second reading in Parliament on Tuesday (Oct 3). Foreign-sourced disposal gains would be taxable when received in Singapore by entities of multinational enterprise groups that do not have economic substance here. Tighter rules
Taxing gains from the sale of foreign assets received in Singapore by businesses without economic substance in the country may have a very positive outcome, which is that corporates, fund management companies and family offices may choose to expand their operations and business here so that they are exempt. NMP Neil Pa