News Tag Tax

Everything you need to know about the EVFTA

The EVFTA, most commonly known as the European Union Vietnam Free Trade Agreement has come into force the 1st of August 2020 in Vietnam. The main objective is to abolish most of custom duties within 10 years. This ambitious partnership…

Intern
May 7, 2024

The tax treatment of ex-gratia payments to a Singapore employee

The tax treatment of ex-gratia payments to Singapore employee

In this article, we will cover: The tax clearance obligation for employees In the event of a termination of an employment contract with a non-Singapore citizen employee, the employer must proceed to a tax clearance by filing the Form IR21…

Intern
May 7, 2024

Singaporeans working abroad – You might be taxed home!

Singaporeans working overseas – You might be taxed home!

The IRAS will remove the administrative tax concession for Singapore citizens and Permanent Residents working abroad.

MBiATeam
May 7, 2024

Hong Kong: Global Forum on Tax Transparency

Hong Kong is pleased that the second round of Peer Review acknowledges its commitment to international tax transparency standards.

Intern
May 7, 2024

Hong Kong implement a bill on new vacancy tax on properties

Hong Kong officials are working towards introducing a new tax on vacant properties to reducing the number of vacant flats

Intern
May 7, 2024

Hong Kong: Two-tiered profits tax rates to be implemented

Two-tiered profits tax rates in Hong Kong

Hong Kong's two-tiered tax rates regime offers a welcome tax incentive and relieves the tax burden for small and medium-sized enterprises.

Intern
May 7, 2024

Singapore – Tax Implications of Travel Restrictions

Tax Implications of Travel Restrictions in singapore

Since the beginning of the COVID-19 pandemic, governments around the world have sought to implement a series of extraordinary measures, such as travel restrictions and lockdowns. In record time, the world has deployed aid plans to try to mitigate the economic…

Intern
May 7, 2024