The Ministry of Finance of Singapore asked the public for opinions on the draft Income Tax (Amendment) Bill 2018 from June 20 to July 11, 2018.
17 changes are included in the proposed amendments to the Income Tax Act (ITA), which are announced in the 2018 Budget Statement. The key changes are:
The Income Tax (Amendment) Bill 2018 provides eight changes to existing tax policies and administration, arising from the periodic review of Singapore’s income tax system, as well as strengthen Whole-of-Government Law enforcement. The changes include:
The remaining changes are technical amendments.
Sources: Singapore Ministry of Finance
With the fast growth of China’s economy and the continuous improvement of the comprehensive strength of domestic enterprises, as well as the implementation of the “One Belt, One Road” policy, an increasing amount of Chinese enterprises are beginning to expand their global footprint and establish their presence in Europe.
TPA Global has developed a practical roadmap of 6 steps meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control. These steps are presented in a series of short video clips (3-5 minutes):