Base Erosion and Profit Shifting (BEPS)

SINGAPORE BUDGET 2025

Budget 2025 expected to bring tax rebates, no ‘significant’ tax hikes

Deloitte has also made recommendations to enhance the Refundable Investment Credit incentive scheme, which Singapore introduced to encourage companies to make investments that bring substantive economic activities to the Republic.
SINGAPORE BUDGET 2025

Deloitte calls for interest-free tax instalments for multinationals in Budget 2025 wish list

Minister of State for Trade and Industry Alvin Tan notes that a company affected by the global minimum effective tax rate may find the new 15 per cent tax rate tier under the DEI “sufficient for its needs”.

Singapore expands eligibility, adds higher BEPS 2.0-compliant tax rate for corporate incentive scheme

Second Minister for Finance Indranee Rajah says it is in Singapore’s interest to impose the two new top-up corporate taxes and collect the taxes, rather than cede them to other jurisdictions.

Minimum 15% tax on multinational enterprises will sustain Singapore’s edge: Indranee

It would make sense to allow Maritime Sector Incentive-Maritime Leasing taxpayers to opt for a 10 per cent tax rate, even if their income qualifies for the tax exemption or 5 per cent tax rate under the present award parameters.

A new lease of life for Singapore’s legacy tax incentives 

In line with the BEPS 2.0 framework, Singapore’s proposed law targets MNEs with consolidated annual revenues of at least 750 million euros over two of the preceding four financial years.

Singapore introduces legislation for top-up corporate taxes, in line with Pillar 2 of BEPS 2.0

Incentives are rarely the only consideration when companies make investment decisions, says EDB chairman Png Cheong Boon.

Singapore’s tax incentives remain relevant even with global tax changes: EDB chairman

A good tax governance structure signifies lower tax risks and, consequently, reduced tax audits and controversies
THE BROAD VIEW

Tax governance – a blueprint for tax health

Businesses may not leave Singapore due to tax changes, but the amount of new investment may be affected, says PwC global tax policy leader William Morris.

Singapore may see ‘short pause’ in investments as businesses await refundable credit details: PwC tax leader

It is interesting that the U-turn to levy a top-up tax is conveniently happening at a time when the developed world is no longer the net exporter of e-commerce services.

BEPS: Hypocrisy and tax protectionism in disguise?