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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 […]

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Ace Global
Avoidance Of Double Taxation

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 […]

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Singapore Adopts Crypto Asset Reporting Framework

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 […]

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Ace Global
Tax residence

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 […]

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