SECOND SUPPLEMENTARY BUDGET 2020

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On 6 April 2020, a further supplementary budget amounting to S$5.1 billion was announced by the Finance Minister, Mr. Heng Swee Keat, to support households and businesses in tiding over the four weeks “circuit breaker” measures that was implemented to...

TAX DEADLINE

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IRAS EXTENDS TAX FILING DEADLINES Filing deadlines extended for (i) Individual Income Tax, (ii) GST returns for accounting period ending Mar 2020, (iii) Estimated Chargeable Income (ECI) for companies with Financial Year ending Jan 2020, (iv) Income Tax for trusts,...

CLOSURE OF WORK PLACE

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Dear Valued Clients & Associates Following the Prime Minister’s address to the nation on the Covid-19 pandemic situation yesterday afternoon, it was announced that most work places will be closed and all schools will now move to full home-based learning,...

SUPPLEMENTARY BUDGET 2020

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On 26 March 2020, a “Resilience Budget”, supplemental to Budget 2020 was announced by the Minister of Finance, Mr Heng Swee Kiat to provide additional relief measures as the country grapples with an unprecedented crisis fuelled by the COVID-19 pandemic....

COVID-19 PANDEMIC

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Dear Valued Clients & Associates, The Covid-19 pandemic continues to have a far-reaching, disruptive impact on businesses. At Acutus, we are also affected by the ramifications of this pandemic. However, we have taken steps to ensure that our resources are...

SNAPSHOTS OF HONG KONG BUDGET 2020/2021

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The Financial Secretary of the Hong Kong Special Administrative Region, Mr. Paul Chan, delivered his fourth budget speech on 26 February 2020. Amidst the continual uncertain social situation, the US-China trade dispute, slowdown in growth across most economies, a deceleration...

SINGAPORE BUDGET 2020

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FOREWORD Budget 2020, delivered by the Finance Minister, Mr Heng Swee Kiat on 18 February 2020 seeks to deal with the immediate needs as well as the longer-term strategies to place Singapore on her ongoing transformation journey as a Global-Asia...

GOODS AND SERVICES TAX (“GST”) ON IMPORTED SERVICES

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GOODS AND SERVICES TAX (“GST”) ON IMPORTED SERVICES In Singapore, GST is a broad-based consumption tax levied on all goods and services (other than exempt supply) in Singapore. Currently, GST on imported services does not apply if the services are...

GST PAYABLE ON OVERSEAS DIGITAL SERVICES FROM 1 JAN 2020

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More than 100 overseas digital service providers have registered for GST under Singapore’s Overseas Vendor Registration (OVR) regime, and will be charging GST on their sales of digital services to Singapore consumers with effect from 1 Jan 2020. Currently, only...

SEMINAR PROGRAMME 2019

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SEMINAR PROGRAMME FOR CONTINUING PROFESSIONAL EDUCATION 2019 4 December 2019, Wednesday Seminar Leader Gerald Tan (Acutus Advisory Pte Ltd) Time 2.00 pm to 3.00 pm Topic Valuation – The Art and the Science Q & A Seminar Leader Mr Jimmy Oei...