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Determining a Company’s Tax Residency through Certificate of Residence

News

Determining a Company’s Tax Residency through Certificate of Residence

December 01, 2023

Control and Management under Singapore Tax Law The determination of a company’s tax residency in Singapore hinges on where its business is controlled and managed. This residency status can change from one year to the next. In a general sense, for a specific Year of Assessment (YA), a company is deemed a tax resident in […]

Singapore Adopts Crypto Asset Reporting Framework

November 17, 2023

Singapore, is joining 47 other jurisdictions, working towards initiating automatic exchanges in crypto-Assets reporting based on the globally recognized Crypto-Asset Reporting Framework (CARF) in 2027. For further details, refer to the joint statement issued by Singapore and the 47 Jurisdictions here in Annex A. Singapore has played an active role in contributing to the advancement […]

Singapore and Cambodia Sign Second Protocol Amending Double Taxation Avoidance Agreement

November 03, 2023

On November 2, 2023, the Republic of Singapore and the Kingdom of Cambodia signed a Second Protocol to amend the Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income (DTA). The signing occurred in Cambodia, involving Dr. Aun Pornmoniroth, Deputy Prime Minister and Minister […]

Innovative digital soution inhanced partnership

Innovative Digital Solutions and Enhanced Partnerships at the 16th Forum on Tax Administration Plenary 2023

October 20, 2023

Over 50 Tax Administrations Worldwide Convene for Inaugural Plenary Event in Singapore Harnessing InvoiceNow to Streamline Tax Administration In a groundbreaking milestone for Singapore, the Forum on Tax Administration (FTA) Plenary will be hosted from October 11th to October 13th, 2023. The FTA, recognized as one of the largest gatherings of its kind, assembles tax […]

Bis and central bank collaborate on cross-border regulatory complaince protocols

BIS and Central Banks Collaborate on Cross-Border Regulatory Compliance Protocols

October 06, 2023

Project Mandala aims to streamline compliance procedures, enable real-time transaction monitoring, and enhance transparency and visibility regarding country-specific policies. The project investigates the viability of encoding policy and regulatory prerequisites into a standardized protocol. This collaborative initiative involves the BIS Innovation Hub (BISIH) Singapore Centre, the Reserve Bank of Australia (RBA), the Bank of […]

IRAS Annual Report for the Financial Year 2022/23

September 22, 2023

Singapore’s economic and social progress is bolstered by the collection of $68.6 billion in tax revenue. An allocation of $4.6 billion in enterprise grants has been distributed to bolster support for businesses and their workforce. A significant number of taxpayers have transitioned to self-sufficiency in tax filing, thanks to the introduction of the AI-powered IRAS […]

Enroll in the ACCA Technical Symposium 2023 (September 21, 2023)

September 08, 2023

ACRA is delighted to serve as the Supporting Partner for the Technical Symposium hosted by The Association of Chartered Certified Accountants (ACCA). Date: 21 September 2023 Time: 9am-5pm CPD: 7 CPD Hours Format: Virtual Accountants play a pivotal role in guiding businesses through intricate regulatory frameworks and standards. They bear the responsibility of keeping […]

Enroll for the IVAS-IVSC Business Valuation Conference scheduled for 3rd October to 4th October

August 25, 2023

IVAS, established as part of ACRA, is hosting the IVAS-IVSC Business Valuation Conference in 2023 Date: 3-4 Oct 2023 Time: 9am-5pm (3 Oct) / 12pm – 5.30pm (4 Oct) Venue: Raffles City Convention Centre (3 Oct) / Online (4 Oct) The dynamic global business landscape experiences continuous transformation, driven by geopolitical tensions, transformative technologies, and […]

Enroll for the SID Directors Conference 2023

August 11, 2023

Date: 20 Sep 2023 Venue: Esplanade Immerse in the realm of governance evolution at the distinguished event, the SID Directors Conference 2023 – “Navigating an Unscripted World: Conform, Perform, Transform.” Marking its 25th anniversary, this edition of the conference adopts a festive ambiance, melding impactful keynote addresses, illuminating panel dialogues, engaging hands-on workshops, and supplementary […]