Monday 30 November 2015

Applause for Singapore’s economy and workforce capability

According to the annual "Doing Business" report by the World Bank which was released on 28 October 2015, Singapore emerged as the easiest place to do business globally. Singapore was ranked as the most business-friendly economy in the world for the 10th year in a row.

Wednesday 25 November 2015

Haven't mastered Malaysia GST tax codes and GST reporting yet?

If you haven't, then you shouldn't feel embarrassed.

You are not alone.

There are many in the same boat.

There are many Malaysian companies out there whose personnel are still struggling to understand and apply the correct GST tax codes for different transactions.

There are even more companies out there that still make errors in their GST reporting, whether monthly or quarterly.

Even tax consultants, tax practitioners and auditors still run into these problems themselves when advising their clients.

It doesn't matter if you've bought Customs approved software. It doesn't matter if the tax codes and GST-03 forms are in-built into your software. If your data entry starts wrong, it'll be wrong anyway. There are many scenarios that you'll have to figure out what to do yourself.

So, if you're one of those in the same boat, don't wait for the boat to sink! 

Here's what you can do:

Tuesday 24 November 2015

Malaysia's Response to BEPS

The Government has taken key steps to overcome base erosion and profit shifting (BEPS) and transfer pricing abuse.

In a statement released alongside the Commonwealth Association of Tax Administrators' (CATA's) 36th Annual Technical Conference held on November 16-20, 2015, the Inland Revenue Board (IRB) announced that it is currently reviewing the relevant tax legislation to keep abreast of changes from the BEPS project.

Tuesday 17 November 2015

The importance of a tax diagnostic review

On the 11th of December 2015, we're launching a new workshop for our Singapore-based customers!

Mitigating Tax Risks Through Tax Diagnostic Review




Monday 9 November 2015

New edition of Singapore Employment Act Handbook out soon!

The latest edition of Wolters Kluwer’s Singapore Employment Act (Cap 91) will be available on 25 November 2015!


The handbook includes the following legislation:
  • Employment Act (Cap 91, 2009 Ed)
  • Employment of Foreign Manpower Act (Cap 91A, 2009 Ed), and
  • Child Development Co-Savings Act (Cap 38A, 2002 Ed),
as well as the related regulations, rules, orders and notifications.

The 2015 edition incorporates all amendments up to 7 October 2015. Of particular significance is the Employment (Amendment) Act 2015, gazetted on 21 August 2015.

Tuesday 3 November 2015

Budget 2016: Lights Out


Saga after saga
Gripping the nation
Budget 2016.

Loud opinions proclaimed
From the irked, the downtrodden
To the coasters, the beneficiaries.

Look at the bigger picture, he says
High-income developed nation status
We must achieve.

One month extension for SST returns and payment of tax

The Royal Malaysian Customs Department (RMCD) has announced a one month extension (until 31 July 2021) for the submission of SST-02 forms an...