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Advance Ruling Summary No. 3/2020

22/07/2020

IRAS Advance Ruling : Tax Treatment on Expenditure incurred to Acquire New Business Advance Ruling Summary No. 3/2020 – Published on 30 Jun 2020

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Tax Planning by MNCs

21/07/2020

Tax planning by MNCs New OECD data sheds light on multinationals profit-shifting to cut taxes

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New Sovereign Digital Currency

20/07/2020

China Business Environment: New sovereign digital currency to be launched in China China to test sovereign digital currency on ride hailing giant Didi  

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Hin Leong investigation case

03/07/2020

Development in Hin Leong investigation case: Firm allegedly engaged in selling and buying back non-existent cargo: PwC  

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Flexible work arrangements

02/07/2020

Flexible Work Arrangements are good for Singapore’s female workforce, and it levels the playing field for Singaporean female talents to arise. Forum: Flexible work arrangements can help narrow gender pay gap  

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Grant for Charities

01/07/2020

Charities – look out for grants for digitising of operations! Grant for charities to adopt tech to expand in scope  

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Digital Resilience Bonus

30/06/2020

The Digital Resilience Bonus (DRB) aims to uplift the digital capabilities of a broad base of enterprises. The DRB is given on top of enhanced digitalisation assistance provided under the SMEs Go Digital programme. See more at: Digital Resilience Bonus

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SG GDP forecast to contract by 5.8% in 2020

29/06/2020

Economists’ downgrading of the full-year GDP growth forecast is unsurprising, given the cut in the official growth forecast last month, said Ms Selena Ling, head of treasury research and strategy at OCBC Bank. See more at: Singapore GDP forecast to contract by 5.8% in 2020: MAS survey

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Simplest Place for Business

26/06/2020

Despite “uncertain times”, Singapore remains an attractive regional and international business hub, given the simplicity of doing business, said Edmund Lee, TMF Group Singapore managing director. See more at: Singapore ranks 2nd in Asia, 18th worldwide for ease of doing business: report  

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Useful Government Links

26/06/2020

Useful Government Links Doing Business In Singapore Action Community For Entrepreneurship ACE fosters greater entrepreneurship through close collaboration between the private-sector and the public sector. It brings together a diverse group of people who want to contribute towards the creation of a more entrepreneurial Singapore. ACE comprises 23 private sector representatives from various industries. For… View Article

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