International tax reform

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

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

Companies exploiting gaps between countries’ tax systems cost governments somewhere between US$100 billion and US$240 billion of lost annual revenue, according to the Organisation for Economic Co-operation and Development (OECD).

Asset managers are quietly purging their portfolios of tax risk

With the rollout of BEPS 2.0, would Singapore have to rethink how it attracts foreign investment?
SINGAPORE BUDGET 2024

BT Explains: How might Singapore stay competitive with tax changes under BEPS 2.0?

Singapore's strength as a global investment magnet depends on the adaptability of its tax system.
SINGAPORE BUDGET 2024

Strategic moves towards future growth and competitiveness

Deloitte's recommendations support economic resilience, social stability and innovation in a time of financial uncertainty, environmental change and shifting global dynamics.
SINGAPORE BUDGET 2024

Deloitte proposes tax incentive changes in its Budget 2024 wish list

Iras says that the framework provides for the automatic exchange of tax-relevant information on crypto assets, thus ensuring that recent gains in global tax transparency are not eroded.

Iras commits to implementing crypto-asset reporting framework with 47 other jurisdictions

Foreign-headquartered MNEs in Singapore would certainly fall within the scope of the proposed tax change, but the impact could vary widely.

‘Economic substance’ matters in taxing of foreign asset sales

Corporate tax leaders are facing challenges such as increased risk of audits, lack of visibility and control over their tax functions, and lagging behind in the digital race.

As the tax environment changes, businesses must drive change from within

Initiatives to attract foreign investment may only come after Budget 2023, as Singapore watches how other jurisdictions adjust to new global tax rules.
SINGAPORE BUDGET 2023

Changes to Singapore’s FDI tax strategy may come only after Budget 2023