Update on tax developments in Singapore
In relation to digital transactions and e-commerce, what are the latest tax developments in Singapore?
IRAS published comprehensive guidance on GST rate change
The Inland Revenue Authority of Singapore (IRAS) has recently published comprehensive guidance regarding the upcoming Goods and Services Tax (GST) rate change from 8% to 9%, which will take effect on 1 January 2024.
Pillar Two – Implementation Status Overview Worldwide
The country-specific information shown in the overview reflects the latest legislative updates, which we collect from our tax experts on a monthly basis. Last update: 30 May 2023 See the full article here.
WTS Taxise bolsters Transfer Pricing practice with the addition of Adnan Begic as Senior TP Specialist
WTS Taxise has bolstered its Transfer Pricing (TP) practice through its cooperation with Adnan Begic as Senior TP Specialist & Consultant. Adnan’s expertise further builds on the growing TP offering of WTS Taxise and WTS Global in Asia Pacific.
Legal 500 Asia Pacific promotes WTS Taxise to Tier 2; Co-Founding Partners as Leading Tax Individuals
Taxise Asia LLC (WTS Taxise) has been promoted by Legal 500 Asia Pacific to Tier 2 from Tier 3 for Singapore Tax in its 2023 rankings. Co-Founders and Principals Eugene Lim and Irving Aw have also been ranked Leading Tax Individuals this year. Associate Principal and Transfer Pricing Leader Molvin Yiu, meanwhile, has been named …
Tax treatment of ship pooling arrangements
Ship pooling arrangements have become more common as shipowners seek greater efficiencies in the deployment of their vessels. In advance ruling summary no. 15/2022, the Singapore tax authorities have clarified Singapore’s tax treatment of cross-border ship pooling arrangements that are managed out of Singapore.
Post-pandemic Asia Pacific: Taxation fast lanes and speed bumps
Post-Covid Asia Pacific recovery promises new opportunities for businesses. However, the need to replenish coffers, the changing international tax and geo-political landscape will pose challenges for tax regulators and tax leaders.
Irving Aw wins 2022 Lexology Client Choice Award for Corporate Tax – Singapore
Lexology has named WTS Taxise Principal and Co-Founder Irving Aw as the exclusive winner of the 2022 Client Choice Award for Corporate Tax in Singapore. Established in 2005, Client Choice recognises individuals that stand apart for the excellent client care they provide and the quality of their service. The criteria for this recognition focus on …
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Chambers Asia Pacific 2023 promotes WTS Taxise to Band 3; recognises Co-Founding Partners as leading and up-and-coming tax lawyers
Taxise Asia LLC (WTS Taxise) is delighted to have been promoted to Band 3 for Singapore Tax in the Chambers and Partners Asia Pacific 2023 publication. This is the second consecutive year WTS Taxise has been ranked by Chambers alongside leading tax law firms in Singapore.
WTS Taxise garners new rankings in ITR’s 2023 World Tax and World Tax Leaders; maintains accolade in ITR’s 2023 World Transfer Pricing
WTS Taxise has garnered new firm and practitioner rankings in International Tax Review’s (ITR) 2023 World Tax, World Tax Leaders and maintained its ranking in ITR’s 2023 World Transfer Pricing.