GST: Approved Contract Manufacturer and Trader (ACMT) Scheme (Twelve edition)

"This e-Tax guide explains how the ACMT scheme works, the qualifying conditions for the scheme and responsibilities of approved ACMT persons." IRAS

GST: Guide on Approved Import GST Suspension Scheme

"This e-Tax Guide explains the mechanism and qualifying criteria for the Approved Import GST Suspension Scheme (AISS)." IRAS

Singapore Signs Multilateral Competent Authority Agreements to Enhance Tax Co-operation on Exchange of Information

"On 21 June 2017, Singapore will sign the Multilateral Competent Authority Agreements ("MCAAs") on:

 the Automatic Exchange of Financial Account Information under the Common Reporting Standard ("CRS"); and

 the Exchange of Country-by-Country ("CbC") Reports." IRAS

GST Guide for Aerospace Industry

"This e-Tax Guide provides details of the GST treatment for aircraft and aircraftrelated supplies."

Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("MLI")

"In line with Singapore's commitment to implement the minimum standard on preventing treaty abuse, Singapore has participated in the negotiation of the MLI. The MLI is intended to allow jurisdictions to swiftly amend their tax treaties to implement the tax treaty related Base Erosion and Profit Shifting (BEPS) recommendations. The MLI also improves on the dispute resolution mechanisms. " IRAS

The Competent Authority Agreements for CRS with Denmark, Estonia, Lithuania and New Zealand entered into force on 5 June 2017.

"With the above, the respective jurisdictions will be regarded as “Reportable Jurisdictions”. SGFIs will have to transmit to IRAS the financial account information of accounts held by persons that are tax residents of the above Reportable Jurisdictions, with the first submission due by 31 May 2018. " IRAS

Writing-down allowances for intellectual property rights

"To enhance Singapore’s attractiveness as an international intellectual property holding location, writing-down allowances are granted on capital expenditure incurred in acquiring intellectual property rights (IPRs) under Section 19B of the Income Tax Act." IRAS

Revised timeline for the release of the revised Research & Development e-tax guide

"Deductibility of specific expenses such as registration costs for patents, trademarks, designs and plant varieties, reinstatement costs, renovation and refurbishment works expenditure, R&D expenses and retrenchment payments and outplacement support costs.More details on the safe harbour rule for R&D cost-sharing" IRAS

Cut-off Date for Submitting Case-by-Case Application for PIC Scheme

"Cut-off Date for Submitting Case-by-Case Application Prior to Incurring the IT and Automation Equipment Expenditure for YA 2018" IRAS

Singapore and Spain Sign Agreement for Automatic Exchange of Financial Account Information

Automatic exchange of information (“AEOI”) based on the CRS refers to the regular exchange of financial account information between jurisdictions for tax purposes, with the objective of detecting and deterring tax evasion by taxpayers through the use of offshore bank accounts.