Singapore's Budget 2023: Tax Hikes for Higher-value Properties, Luxury Cars
Bigger taxes will be applied to higher-value residential and non-residential properties and luxury cars, said Minister of Finance Lawrence Wong on Feb. 14.
Taxes
Gov’t Approves Higher Rebate for Foreign Film Productions in Thailand
The government has approved to give higher tax breaks for foreign film productions in the country to boost filming activities and promote Thai culture.
GST Rate Hike in Singapore and Its Impact on Consumers and Businesses
Starting Jan. 1, the Singapore government will implement a higher rate, from 7% to 8%, for its Goods and Sales Tax (GST).
Tax Alert: Malaysians to Pay 10% on Overseas Goods Starting April 1
The new regulation is only applicable to products bought after April 1. Malaysians who purchased overseas goods before April need not pay a 10% tax.
Deputy PM Lawrence Wong to Deliver 2023 Budget Statement on Feb. 14
The statement will cover Singapore’s economic performance and growth, green plans, investment ideas for small enterprises, and tax adjustments for 2023.
IRAS: Singaporean Residents to Pay Higher Property Tax Rates in 2023
The revision will take effect on Jan. 1, 2023, with a one-off tax rebate of up to S$60 for owner-occupied properties.
What Does Singapore's New Tax Rules Mean for High-Net-Worth Buyers?
Singapore's new tax laws, imposed in May 2022, aim to go after affluent buyers who purchase multiple properties that are transferred into trusts to conceal their identities.
Police, IRAS See Sudden Swell in Phishing Scams This July
At least 51 individuals fell victim to phishing scams this July alone, the police and IRAS said in a joint release.