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Proposed Changes to the Income Tax Regime

Singapore - July 13 2017 On 19 June 2017, the Ministry of Finance (“MOF”) released the draft Income Tax (Amendment) Bill 2017 (the “Draft Bill”) for public consultation. The…

James Choo, Shih Hui Lee, Michael Nixon, Dawn Quek, Peter Tan, Allen Tan

Singapore Signs the BEPS MLI - the Key Changes and What They Mean for You

Singapore - June 23 2017 On 7 June 2017, Singapore joined 67 other countries in becoming a signatory to the Multilateral Convention to Implement Tax Treaty Related Measures to…

Michael Nixon, Dawn Quek, Wei Hann Tan, Peter Tan, Allen Tan

New End-User Statement Format for Strategic Goods Permits in Singapore

Singapore - June 16 2017 Pursuant to Circular No. 06/2017 issued on 14 June 2017, Singapore Customs revised the End-User Statement (EUS) format for strategic goods permits in…

Ken Chia, Yi Lin Seng

Further Developments in Draft Rules on Security Assessment of Outbound Data Transmission

China - June 5 2017 On 19 May 2017, the Cybersecurity Administration of China ("CAC") released an amended draft ("Amended Draft") of the Measures for Security Assessment…

Nancy Leigh, Zhenyu Ruan, Paolo Sbuttoni, Howard Hao Wu, Vivian Wu

Public Consultation on Draft GST Guide on Customer Accounting for Prescribed Goods

Singapore - May 16 2017 The Inland Revenue Authority of Singapore (IRAS) is seeking public consultation on their draft Goods and Services Tax (GST) Guide on Customer…

Wei Hann Tan