Tax Evasions

Couple Convicted for Multiple Tax Evasions

SINGAPORE: Lim Meng Fatt and Gan Bee Bee, both aged 53, have been convicted by the Court today for tax evasions of Income Tax and Goods & Services Tax (GST), as well as fraudulently de-registering their company Wan Lin Healthcare Centre Pte Ltd (“Wan Lin”) from GST when in fact the company was still liable…

Tax Filing

Tax Filing Due Dates in Singapore For 2023

As a Singaporean adult or corporate entity, you must know when to file your taxes. This prevents you from falling foul of requirements and being forced to pay penalties or answer a summon for something that could easily have been fulfilled. As a result, this article goes into great detail about when and how individuals…

CRS

What is Common Reporting Standard (CRS)?

Like many other countries, Singapore’s government allows and encourages non-residents and businesses to open accounts and conduct business. These entities, however, are required to register for the Common Reporting Standard, or CRS. As a result, reports containing their account details are sent to their local tax administrators. The CRS is made to remove tax evasions,…