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Singapore Explains Changes To 2021 Tax Filing Rules Singapore Explains Changes To 2021 Tax Filing Rules by Mary Swire, Tax-News.com, Hong Kong 03 March 2021 The Inland Revenue Authority of Singapore (IRAS) has said that it will be sending tax bills directly to certain taxpayers this tax filing season and will be simplifying filing arrangements for the self-employed. IRAS is introducing a Direct Notice of Assessment (D-NOA) initiative for taxpayers on the No-Filing Service (NFS), which will mean that they receive their tax bills directly from May 2021. IRAS said that this is possible as more information is automatically included and tax reliefs can be pre-filled for taxpayers. Taxpayers can still object to the assessment if they wish to make changes to their reported income and relief claims. ....
Belgium Gazettes Law For Tax On Securities Accounts Belgium Gazettes Law For Tax On Securities Accounts by Ulrika Lomas, Tax-News.com, Brussels 03 March 2021 Belgium has published in its Official Gazette legislation to introduce the country s new tax on securities accounts. The Law introducing an annual tax on securities accounts was published in the Gazette on February 25, 2021, and is effective from February 26, 2021. The tax is to be levied on legal and natural persons with investments of more than EUR1m in securities and derived products. It will be charged through taxpayers securities accounts provided by intermediaries, on the holdings of Belgian individual taxpayers, whether or not they are resident in Belgium, and legal entities. ....
Malaysia Updates Tax Guidance For Digital Services Providers Malaysia Updates Tax Guidance For Digital Services Providers by Mary Swire, Tax-News.com, Hong Kong 03 March 2021 Malaysia has comprehensively updated its guidance on the requirement on foreign service providers to collect service tax on business-to-consumer supplies of digital services. The latest version of the guidance, Guide on: digital services by Foreign Service Provider (FSP) , replaces earlier guidance last updated in August 2020. FSPs were required to collect six percent service tax on B2C services from January 1, 2020. Under the regime, foreign services providers who provide digital services to consumers are liable to be registered as a foreign registered person (FRP) when the total value of digital business-to-consumer services in Malaysia exceeds MYR500,000 (USD119,200) in any year. ....