How To Prepare for the GST Hike in 2022/2023

by Intellinz Admin | Mar 4, 2022 | Accounting, Cloud Accountant, Compliance, EBOS Cloud Accountants, Grant & Money, Income Tax

Whether while making individual purchases or while including GST charges on your company’s invoice, we’ve all been working with a 7% GST charge for some time now. When the hike to 9% was announced, rescheduled temporarily to begin hiking in 2023 instead, many were not...

Understanding CPF and Taxes as a New SME Business Owner in Singapore

by Intellinz Admin | Nov 12, 2021 | Accounting, Business Set Up, Compliance, EBOS Cloud Accountants, Income Tax

Understanding CPF and Taxes as a New SME Business Owner in Singapore Tax is a complex and ever-changing topic. As a small and medium business owner in Singapore, you are taxed differently from an individual. It’s important to understand the regulations, rates...

GST AND FILING SERVICES IN SINGAPORE

by Intellinz Admin | Nov 2, 2021 | Accounting, Compliance, EBOS Cloud Accountants, Income Tax

GST AND FILING SERVICES IN SINGAPORE What does GST Stand for in Singapore? GST stands for Goods and Services Tax. GST is a tax collected by the Singapore government on most goods and services that buy and sold in Singapore, other than the exemptions. Goods and...

GST and XBRL Filing and the Rise of Their Outsourcing in Singapore

by Intellinz Admin | Jul 22, 2021 | Accounting, Compliance, Grant & Money, Income Tax

GST and XBRL Filing and the Rise of Their Outsourcing in Singapore GST and XBRL, measures which were implemented to optimize the economy and the financial reporting environment in Singapore, have both given rise to outsourcing in the form of GST services and...

Do I pay tax when I sell my fixed asset, property?

by EBOS Admin | Jul 7, 2021 | Accounting, Grant & Money, Income Tax

Do I pay tax when I sell my fixed asset, property? A wealthy couple who made some $16 million from buying and selling three good class bungalows (GCBs) within six years will have the profits taxed as income earned. Here is a typical example of how you should not just...

What is GST and how is it charged?

by EBOS Admin | May 24, 2021 | Accounting, Business Set Up, Cloud Accountant, Income Tax

What is GST and how is it charged? GST was first implemented on 1 April 1994, modelled off the UK VAY and New Zealand GST. It is meant to lower personal and corporate tax rates while contributing to a revenue base for the government. GST is a consumption tax that is...