Counto

FEBRUARY 17, 2024

Budget Singapore 2024: 7 Key Takeaways for SMEs and Business Owners Singapore Budget 2024 contains several financial measures to support businesses, households, and individuals. Corporate Tax: Under the Base Erosion and Profit Shifting (BEPS) 2.0 billion to assist companies in managing rising costs.

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Counto

JANUARY 2, 2024

A Quick Guide to Registering Your Company in Singapore in 2024 Singapore continues to be a thriving hub for businesses globally, and with good reason. If you’re considering starting your own company in the Lion City, this 2024 guide provides a comprehensive roadmap that surpasses the information provided in existing resources.

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Xero

MAY 13, 2022

Making Tax Digital for Income Tax Self Assessment ( MTD for ITSA ) requires that landlords earning more than £10,000 use MTD-compatible software to keep records and make submissions to HMRC. The legislation will come into effect from April 2024. This guide looks at what MTD for ITSA means in practice for landlords. .

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Xero

AUGUST 11, 2022

Frankly, you already have enough to remember, thanks to Making Tax Digital (MTD) for VAT and Income Tax Self Assessment (ITSA). The government legislation with the goal of digitising the tax process has been underway for some time, and the next step is looming large on the horizon. Where to find more information.

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Counto

MARCH 19, 2024

Filing your corporate tax return (Form C-S/ C) File with IRAS By Nov 30 (or Dec 15 for e-filing submission) This involves reporting your company’s income earned in the previous financial year, known as the Year of Assessment (YA). For instance, if filed in November 2023, expect the NOA by May 2024.

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Counto

MARCH 26, 2024

Real estate investment trusts that have been granted the tax treatment under Section 43(2) of the Income Tax Act 1947. Corporate Income Tax Rebate (CIT) for YA 2024 As announced in Budget 2024, a CIT Rebate of 50% of the corporate tax payable will be granted to all tax paying companies for YA 2024.

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Counto

FEBRUARY 13, 2024

For instance, if your company remained inactive and generated no income in 2023, IRAS will classify it classified as a dormant company for the Year of Assessment (YA) 2024. When the company resumes activities, it must begin submitting financial statements and adhere to filing Annual Returns and Corporate Tax Returns as an active entity.

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