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June 2025

09 Jun
Commentary on IRAS Rulings on Economic Substance Requirements under Section 10L
06 Jun
Australia: Interest on ATO Debts No Longer Deductible With Effect From 1 July 2025
06 Jun
Opinion: Introduction of Temporary Pause of Pillar 2 Extra-Territorial Rules Under Article 32 EU Minimum Tax Directive
06 Jun
Commentary on IRAS Considerations in Advance Ruling on Tax Treatment of Novation of Agreements
06 Jun
Updated e-Tax Guide Titled “Income Tax Treatment of Gains or Losses from the Sale of Foreign Assets” to Reflect Removal of FAQ 22 on Promissory Notes Pending Further Review by IRAS
05 Jun
Commentary on Tax Audit and Tax Investigation in Singapore
04 Jun
Commentary on the Strategic Use of Generative AI in Tax
04 Jun
Transfer Pricing: Gaining Certainty During Uncertain Times
03 Jun
Podcast: Financial Transactions Transfer Pricing: Controversy landscape
02 Jun
Commentary on the Tax Considerations in Financing Arrangements of Commodity Trading Firms
02 Jun
OECD Released Consolidated Text of the Common Reporting Standard (2025) Including the Expansion of Scope of CRS (Such As Specific Electronic Money Products and Central Bank Digital Currencies)
02 Jun
Advance Ruling on Whether a Pure Equity-holding Entity Satisfies the Prescribed Economic Substance Requirements to be Regarded as an “Excluded Entity” Under Section 10L of the ITA
02 Jun
Advance Ruling on Whether a Non-pure Equity-holding Entity Satisfies the Prescribed Economic Substance Requirements to be Regarded as an “Excluded Entity” Under Section 10L of the ITA
02 Jun
Advance Ruling on Whether “Tender Fees” Would be Treated as “Early Redemption Fees” or “Redemption Premiums” Under the QDS Scheme
02 Jun
Advance Ruling on Whether “Exchange Premium” Would be Treated as “Early Redemption Fee” or “Redemption Premium” Under the QDS Scheme
02 Jun
Advance Ruling on Whether Consideration Received in Relation to the Transfer of the Improvements of Licenced Intellectual Property is a Capital Receipt
May 2025

29 May
Hong Kong: Pillar Two Global Minimum Tax Rules Receive Legislative Approval
29 May
Australia: ATO Releases Draft Guidelines on Inbound, Cross-border Related Party Financing Arrangements
26 May
Setting Up Family Offices in Singapore and Available Tax Incentive Schemes
26 May
Thailand: Tax Exemption on Imported Wines Resulted in Soar in Consumption, Costing Millions in Lost Revenue
26 May
Updated e-Tax Guide Titled "GST: Concession for REITs and Qualifying Registered Business Trusts Listed in Singapore" to Clarify that Submission of a Separate Statement of Claims is Not Required for S-REITs and Qualifying S-RBTs
22 May
OECD: Updated Transfer Pricing Country Profiles Presenting Country-specific Information on the Transfer Pricing Treatment of Hard-to-Value Intangibles and Simplified Distribution Rules
22 May
OECD: Common Errors Made by MNE Groups In Preparing Country-by-Country Reports (CbCR)
22 May
Commentary: Adopting GST InvoiceNow Requirement for GST-registered Businesses
21 May
Commentary: Pillar 2’s Jurisdictional Blending Can Result in Top-up Tax Allocation Complexity
21 May
Commentary: Tax Considerations for Asset Transfer vs Merger (Amalgamation)
20 May
Vietnam Proposes Free Trade Zone in Hai Phong: Strategic Breakthrough in Investment Reform
19 May
Tax Opinions: When AI Runs a Company, Who is the Beneficial Owner?
19 May
Updated e-Tax Guide Titled "GST: Renewal of Assisted Compliance Assurance Programme (ACAP) Status" to Reflect the Conversion of Form “GST F29 - Application to Renew ACAP Status” into FormSG
19 May
Updated e-Tax Guide Titled "GST: Assisted Compliance Assurance Programme (ACAP)" to Reflect the Conversion of Form “GST F23 – Participation in GST ACAP” into FormSG
16 May
Australia: ATO Provided Updated Information About Global and Domestic Minimum Tax, Including Details on the Rules, Potential Law Amendments and Interactions with Other Provisions
15 May
OECD: The Effects of Climate Policies on Emissions
14 May
Updated e-Tax Guide Titled "GST: Reverse Charge" to Reflect Editorial Changes (from "Government" to "Public Agency")
14 May
Updated e-Tax Guide Titled "GST: Taxing Imported Remote Services by Way of the Overseas Vendor Registration Regime" to Reflect Editorial Changes (from "Government" to "Public Agency")
13 May
New IRAS Webpage “Current Areas of Audits” Highlighting Missing Trader Fraud Arrangements, Low-value GST Refund Claims and Other Areas of GST Audit
13 May
Australia: Basis Period Rules will not Apply from the 2024-25 Tax Year, and Individuals will be Taxed on the Profits Arising in the Tax Year
09 May
Income Tax Board of Review's Judgement: GIR v The Comptroller of Income Tax [2025] SGITBR 2
09 May
OECD Published Consolidated Commentary to the GloBE Rules Incorporating Agreed Administrative Guidance Up Till March 2025
09 May
Commentary on the Adoption of Operational Transfer Pricing
07 May
Commentary on the Alternative Net Tonnage Basis of Taxation for Shipping Entities
07 May
Singapore Signs Implementation Agreement on Carbon Credits Collaboration With Chile and Rwanda
06 May
The Upgraded Agreement Establishing the ASEAN–Australia–New Zealand Free Trade Area (AANZFTA) Entered Into Force on 21 April 2025, Enhancing Trade Facilitation, Consumer Protection, Digital Connectivity, and Sustainability
05 May
IRAS Webpage on “Corporate Income Tax Filing Season 2025”
05 May
YA 2025 Basic Corporate Income Tax Calculators for Companies Filing Form C/ Form C-S/ Form C-S (Lite) are Now Available
02 May
Advance Ruling on Whether Local Sales and Provision of Sales and Marketing Support Services by Singapore Related Entity Would Create a Taxable Presence in Singapore
02 May
Advance Ruling on Whether Novation of Agreements Arising from Transfer of Certain Business Segment as Part of Group Restructuring Constitutes a Capital and Non-Taxable Transaction
02 May
Exploring the Johor-Singapore Special Economic Zone (JS-SEZ) Initiative
01 May
Commentary on How the Two-Pillar Approach Could Potentially Affect Domestic Systems and Close Gap in Multinational Corporate Tax Avoidance
April 2025

30 Apr
Commentary on Singapore's Refundable Investment Credit
30 Apr
OECD Published “Taxing Wages 2025” Focusing on the Decomposition of Personal Income Taxes and the Role of Tax Reliefs
28 Apr
Commentary on Potential U.S. Defense Measures Against the UTPR and DSTs in the Light of International Law
28 Apr
Updated e-Tax Guide Titled "GST: Fringe Benefits" to Include Example of Antigen Rapid Test (ART) Kits and Personal Protection Equipment
25 Apr
Income Tax (Applicable Maximum Relief Amounts and Deduction Limits for Section 39(3) and (3A)) (Amendment) Rules 2025
25 Apr
Updated IRAS Webpage on “Payments that are Subject to Withholding Tax” to Include New FAQ on Whether Fee or Premium That is in Excess of the Principal Amount of the Existing Notes/ Bonds Paid to Non-Resident Noteholders/ Bondholders is Subject to Withholding
24 Apr
GST Advance Ruling on the Application of Zero-Rating Relief Under Section 21(3)(q) of the GST Act for the International Supply of Dedicated IP Transit Services
23 Apr
OECD Report on the Work of the Inclusive Forum on Carbon Mitigation Approaches
23 Apr
Tax Opinions (Video): Pillar Two at a Crossroads
22 Apr
A Practical Approach to Tax Transformation: Six Crucial Areas to Address
21 Apr
Global Investment and Taxation Strategies: Analysis of the Impact of Tariffs on Pillar 2
16 Apr
Navigating Tax and Structuring Challenges for Asian Funds and Investors
16 Apr
The Role of Standardisation in Managing AI Risks
16 Apr
Commentary on Tariff Developments and Considerations for US Multinationals Importers
15 Apr
Constitutional Challenge Could Roll Back Trump's Tariffs
15 Apr
Vietnam: Amendments to Regulations on Electronic Invoices Effective 1 June 2025
11 Apr
Singapore Confronts U.S. Tariffs: Assessing the Impact on Finance, Manufacturing, and Trade
10 Apr
Land Intensification Allowance Scheme Enhanced to Benefit More Construction Facilities in Singapore from 1 January 2026
10 Apr
Singapore Exporters: Export Controls on Advanced Semiconductor and Artificial Intelligence (AI) Technologies
09 Apr
Impact of Recent US tariffs on ASEAN Businesses
09 Apr
How Trump's Tariffs are Reshaping Transfer Pricing Policies for Global Companies
09 Apr
An Analysis of GIQ v Comptroller of Income Tax [2025] SGITBR 1
08 Apr
Income Tax (International Tax Compliance Agreements) (Multilateral Competent Authority Agreement on the Exchange of Country-By-Country Reports) (Amendment) Order 2025
08 Apr
New IRAS Webpage “e-Learning on Global Anti-Base Erosion (GloBE) Rules and Domestic Top-up Tax (DTT)”
07 Apr
Opinion: Using Tariffs to Make Canada a State? It’s Been Tried Before
07 Apr
Navigating the Tax Implications of Hybrid Instruments Based on Recent Advanced Ruling
04 Apr
Tax Liability Insurance in Singapore: Benefits, Trends, and Challenges
04 Apr
Advance Ruling on Whether the One-off Payment Arising from the Termination of the Earnout Arrangement In Lieu of Future Earnout Payments is Capital in Nature
04 Apr
Advance Ruling on the Taxing Point of Benefits Derived by Employees from Subscribing into an Overseas Fund Managed by the Parent Company of the Employer
04 Apr
Advance Ruling on Whether the Additional Founding Shareholder Consideration Received by the Founding Shareholders from the Disposal of the Company’s Shares is Subject to Tax Under Section 10(1) of the ITA
04 Apr
APAC Exporters Brace for Impact: Strategies to Counter Trump's Reciprocal Tariffs
04 Apr
Navigating the New Landscape of Related Party Financial Transactions: A GST and Transfer Pricing Perspective
03 Apr
Indonesia: The Need for Indonesia’s Industries to Adapt to the Global Minimum Tax
02 Apr
Updates on Documentary Requirements for Employment Pass Applications
02 Apr
Renewal of the Major Exporter Scheme
March 2025

31 Mar
Australia: Common Capital Gains Tax Errors
31 Mar
Updated e-Tax Guide Titled "Record Keeping Guide for GST-Registered Businesses" to Clarify Record-Keeping Requirements for Business Transactions Processed via Different Payment Modes/ Platforms
31 Mar
Updated e-Tax Guide Titled "Record Keeping Guide for Non-GST Registered Businesses" to Clarify Record-Keeping Requirements for Business Transactions Processed via Different Payment Modes/ Platforms
30 Mar
Germany: Guidance on Application of Anti-Treaty Shopping Rules
27 Mar
Income Tax (Eligible Courses in Section 14ZG(5)) (Amendment) Rules 2025
27 Mar
The Future of Work: Tax in a World of Mobility
26 Mar
Singapore Focuses on Growth With New Tax Incentives for Investors
25 Mar
The UK Court of Appeal Allows Appeal on Capital Allowances Relating to Technical Study Expenditure
25 Mar
How to Avoid Pillar Two Hangover
20 Mar
Malaysian High Court Held that Novation of a Debt Pursuant to Novation Agreement Constitutes a Transfer or Conveyance of Property Subject to Ad Valorem Stamp Duty
20 Mar
OECD: Aligning Corporate Income Tax with Climate Policy Objectives
20 Mar
Singaporeans Asked to Click on Link to Review Their Taxes by Scammers Impersonating IRAS
19 Mar
Multinational Enterprise (Minimum Tax) Act 2024 (Commencement) Notification 2025
19 Mar
OECD: Corporate Income Tax Incentives in Emerging and Developing Economies
18 Mar
Changes to Singapore Foreign Workforce Policy Including Increased Salary Requirements for S Pass Holders and Simplification of Work Permit Regulation
17 Mar
The EU Foreign Subsidies Regulation Affecting Certain Companies Participating in M&A Transactions or Public Procurement Procedures
14 Mar
EU Member States Reach Political Agreement on Simplified Filing Process for Pillar Two (DAC9)
12 Mar
Trump’s Executive Orders on Non-reciprocal Trade and Discriminatory or Extraterritorial Measures
12 Mar
Government Revises Additional Buyer's Stamp Duty Regime for Housing Developers to Support Complex Projects and Onboarding to CORENET X
12 Mar
Commentary: Tax Treatment on the Grant of Shares Under Employee Share Options and Employee Share Ownership Plans
11 Mar
Indonesia: Update on Special VAT Imposition Base and Final VAT Mechanism
10 Mar
Goods and Services Tax (Non-taxable Public Agency Supplies) (Amendment) Order 2025
07 Mar
Commentary: Business Impacts of the Trump Administration
07 Mar
New IRAS e-Tax Guide Titled “Adopting GST InvoiceNow Requirement for GST-registered Businesses” Highlighting the Requirement for GST-registered Businesses to Use InvoiceNow-Ready Solutions to Send Invoice Data Directly to IRAS
07 Mar
Commentary: Coca-Cola Gets Creative in Transfer Pricing Appeal
07 Mar
VAT Treatment of Chain Transactions Involving Imports Into the EU
06 Mar
Tax Considerations in Joint Ventures (Singapore)
05 Mar
Updated IRAS Webpage on "Country-by-Country Reporting (CbCR)" to Include Dominican Republic to the List of Jurisdictions That Have Exchange Relationships with Singapore
04 Mar
OECD Released BEPS Action 14 Mutual Agreement Procedure Peer Review Results Including Iceland and Senegal
04 Mar
Measures Introduced to Strengthen Singapore's Equities Market Including Tax Incentives
03 Mar
Commentary: Valuing Intellectual Property Rights for Purposes of Claiming Writing-down Allowances
03 Mar
Commentary on the Singapore Refundable Investment Credit
03 Mar
Commentary on the E-Invoicing in Singapore
03 Mar
Advance Ruling on the Tax Treatment of Distributions Arising from Perpetual Securities
03 Mar
Advance Ruling on Tax Treatment of Gains Derived from the Redemption of Investment In a Feeder Fund
03 Mar
Advance Ruling on Tax Implication Arising from Transfer of Banking Business from a Singapore Bank to New Singapore Branch of a Related Foreign Bank
03 Mar
Advance Ruling on Tax Implication of Change to be a Passive Investment Holding Company and Restructuring of Investment
February 2025

28 Feb
Updated IRAS Webpage on “Preparing a Tax Computation” to Update the Exchange Rate Search Function (Covering Financial Years Ending 2020 to 2024)
28 Feb
Updated IRAS Webpage on “Exchange Rates” to Update the Exchange Rate Search Function (Covering Financial Years Ending 2020 to 2024)
28 Feb
Commentary on the Malaysian Investment Development Authority’s (MIDA) Updates on the JS-SEZ Tax Incentives Package
28 Feb
Commentary on JS-SEZ
27 Feb
Commentary on the JS-SEZ – Why Early Tax Planning Matters
27 Feb
Commentary on Tax Incentive Package for JS-SEZ
27 Feb
Corporatisation by Medical Professionals and Tax Implications
27 Feb
EU Commission Releases “Omnibus” Simplification and Competitiveness Package
26 Feb
OECD Released Working Paper on Taxing of Capital Gains to Highlight Country Experiences and Challenges
24 Feb
Property Tax (Appeals Procedure for Valuation Review Board) Regulations 2025
24 Feb
OECD Published Consolidated Report on Amount B
24 Feb
Multinational Enterprise (Minimum Tax) (Amendment) Regulations 2025
24 Feb
Income Tax (Appeals Procedure for Board of Review) (Amendment) Regulations 2025
24 Feb
Goods and Services Tax (Appeals Procedure for Board of Review) (Amendment) Regulations 2025
21 Feb
Malaysia: Update on Requirements Regarding the Use of Malaysian Income Tax Reporting System to Submit Specified Documents
20 Feb
PropNex Unit Sued for About S$1.2 million Over Agent’s Alleged Misrepresentation in ‘99-to-1’ Deals
20 Feb
UK: Government Seeks to Standardise and Increase Adoption of E-Invoicing
19 Feb
Updated GST e-Tax Guide Titled "GST: Fringe Benefits" to Include Limited Transport Options as an Exception to the Requirement of Accounting for Output Tax on Free Parking Provided to Employees
19 Feb
Commentary: Lessons from Early Implementation of Pillar Two
18 Feb
Updated e-Tax Guide Titled "GST: Concession for REITS and Qualifying Registered Business Trusts Listed in Singapore" to Reflect Extension of Concession to 31 Dec 2030 and Other Editorial Changes
18 Feb
Income Tax Board of Review's Judgement: GIQ v The Comptroller of Income Tax [2025] SGITBR 1
18 Feb
Commentary on the EU's Net-Zero Act, Taxation, and Carbon Storage Market
17 Feb
Opinions: Tariffs Can Mess With Tax Reform
17 Feb
How Tax Professionals Can Play a Role in a Company’s Sustainability Journey
17 Feb
Commentary on Tax Incentive for JS-SEZ
14 Feb
Malaysia: Transitioning to Self-Assessment System for Stamp Duty and New Stamp Duty Audit Framework
14 Feb
MAS’s Review Group Proposes to Introduce Tax Incentives to Boost Singapore’s Equities Market
13 Feb
Commentary on Tax Implications of Interest Expenses on Business Loans
13 Feb
Opinions: The Future of Indirect Taxes to 2030
12 Feb
Indonesia: Regulation Issued on Pillar Two Alignment
12 Feb
US Withdrew on the First day as UN Kicks Off Negotiations on International Tax Cooperation
10 Feb
Key Transfer Pricing Considerations for Singapore Companies Engaging in the Johor-Singapore Special Economic Zone (JS-SEZ) Deal
10 Feb
Commentary on Maintaining Tax Residency in Singapore
10 Feb
Commentary on the e-Tax Guide on "Multinational Enterprise Top-Up Tax and Domestic Top-Up Tax
10 Feb
Opinion: Transfer Pricing Considerations for Singapore Companies Engaging in the Johor Special Economic Zone (JS-SEZ) Deal
08 Feb
Commentary: US Pulls out of United Nations Tax Negotiations
07 Feb
Opinion: International Compliance Assurance Programme (ICAP) as a Possible Alternative to Advance Pricing Arrangements
07 Feb
Commentary on Singapore Pillar Two Developments - Multinational Enterprise (Minimum Tax) Act 2024 and Multinational Enterprise (Minimum Tax) Regulation 2024
06 Feb
Singapore-Headquartered Firms Can Use Johor-Singapore SEZ as Manufacturing Base
05 Feb
OECD Peer Review Results on Preferential Tax Regimes Under BEPS Action 5 Including Hong Kong and Malaysia
05 Feb
Observations on Key Themes in UK Corporate Tax Disputes for 2025 and Beyond
05 Feb
Commentary on JS-SEZ Tax Incentive Package
04 Feb
Malaysia Unveils Tax Incentives for Companies and Workers in Johor-Singapore SEZ
03 Feb
Income Tax (International Tax Compliance Agreements) (Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information) (Amendment) Order 2025
03 Feb
Income Tax (International Tax Compliance Agreements) (Competent Authority Agreements) (Amendment) Order 2025
03 Feb
OECD Released VITARA Reference Guide on the Operation and Management of a Tax Administration Audit Programme
03 Feb
Opinion: Two Pillars Early 2025 - Ridiculousness
03 Feb
Updated List of Reportable Jurisdictions for 2017 - 2024 CRS Information Reporting
03 Feb
Updated List of Participating Jurisdictions for CRS effective from 4 February 2025
03 Feb
Commentary on e-Tax Guide on “Tax Treatment of Gains or Losses from the Sale of Foreign Assets”
January 2025

31 Jan
Global E-invoicing Developments Timeline
30 Jan
Indonesia: New Tax Regulations for the Implementation of the Core Tax Administration System from 2025
28 Jan
Opinion: Transformations needed to Modernise Singapore’s Boardrooms
27 Jan
Commentary on the Changes to the Tax Incentive Schemes for non-SFO Funds
27 Jan
Thailand Enacts Law to Support the Collection of 15% Global Minimum Tax
24 Jan
Commentary on the Trump Presidential Action and Its Impact on the International Tax System
22 Jan
Trump’s Executive Orders Signal Changes in US’ Global Tax and Trade Policy
20 Jan
Income Tax (Exemption of Income Arising from Funds Managed in Singapore by Fund Manager) (Amendment) Regulations 2025
17 Jan
Indonesia: Guidance on Treatment of VAT
17 Jan
Commentary on OECD’s Technical Documents on GloBE Rules and Qualified Jurisdiction Status
15 Jan
Singapore Incentives Update on Refundable Investment Credit
15 Jan
Australia: Guidance on Inbound Related Party Funding for Private Groups
15 Jan
Seven Ways Early Adopters are Managing Pre-populated VAT Returns
15 Jan
Updated IRAS Webpage on “Tax Treatment of Business Expenses (M-R)” to Include New Write-up on “Reimbursement to Employees for Transport Expenses”
15 Jan
Global Minimum Tax: OECD Released Compilation of Qualified Legislation and Information Filing and Exchange Tools
13 Jan
Pillar One Update from the Co-Chairs of the Inclusive Framework on BEPS
10 Jan
ABSD Tweaks and Tax Transparency Treatment for S-Reits Eyed by Property Players for Budget 2025
10 Jan
Commentary: Transfer Pricing Dispute Resolution
09 Jan
Singapore Publishes Subsidiary Legislation Supplement on BEPS 2.0 Pillar Two
08 Jan
Johor-Singapore Special Economic Zone: Special Corporate Tax Rate for Investments in High-Growth and High Value-Added Activities Expected
08 Jan
Transitional Net Margin Method (TNMM) Most Widely Used In APAs in India
07 Jan
Commentary on Changi Airport Group (Singapore) Pte Ltd v Comptroller of Income Tax [2024] SGHC 281
07 Jan
Monetisation of Tax Data Sparks Concerns About Security
07 Jan
UN Asserts a Greater Role in Global Tax Policy
06 Jan
Indonesia: VAT Rate Increased to 12% from 1 Jan 2025
02 Jan
Updated IRAS Webpage on “Transfer Pricing” to Include Indicative Margin for Related Party Loans for 2025







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