Knowledge Hub

Bringing interesting facts, knowledge and updates to you in a succinct and understandable form.

Update: Proposed taxation of Gains of a Relevant Entity from the Sale of Foreign Assets

Further to public consultation, the Ministry of Finance has fine-tuned the proposed legislation

New Hong Kong FSIE Scheme

Hong Kong has introduced its FSIE regime, which took effect from 1 Jan 2023

Proposed Tax Certainty Enhancement Scheme in Hong Kong

Hong Kong will introduce an exemption for onshore equity disposal gains with effect from 1 Jan 2024

IRAS: Advance Ruling No. 11/2023 - Remittance of Foreign Sourced Income

The IRAS has published an Advance Ruling (No. 11/2023) on 4 Sep 2023

S Pass qualifying salaries and levy will be revised from 1 September 2023

The Ministry of Manpower (“MOM”) has revised the requirements for hiring S Pass holders.

Philanthropy Tax Incentive Scheme for Family Offices

A pilot tax incentive scheme has been introduced for qualifying donors with SFOs in Singapore

Enterprise Innovation Scheme

The EIS was established to encourage businesses to engage in R&D and Innovation

Ruling made in Singapore Court of Appeal on the Responsibility of Directors

A ruling was recently made in the Singapore Court of Appeal that addresses the responsibility of dir

CPF Contribution Changes - 2023

In the Singapore Budget 2023, it was announced that changes will be made to CPF contributions.

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