Whether serving public sector organisations, owner managed businesses, private individuals or listed companies with overseas operations, our goal is to help our clients achieve their ambitions.
Each industry is unique and the hallmark of a great business partner is the ability to understand and identify the needs and goals of each business in its context. Our vertical industry units help companies grow through tailored services with insightful, practical and effective advice.
We help clients eliminate the complex and arduous task of navigating through local regulations and procedures. Businesses rely on us to help them understand the unfamiliar, set up shop smoothly, and continue supporting their needs in unfamiliar jurisdictions.
RSM is a Service Provider on the EDB Connections Concierge. The EDB Connections Concierge is an online service that helps new businesses and tech companies set-up in Singapore through EDB's curated network of service providers. To access the EDB Connections Concierge, please click here.
An APA is a dispute prevention facility under which IRAS and the taxpayer or relevant Avoidance of Double Taxation Agreement (DTA) partner agrees in advance on a set of criteria to ascertain the pricing of a taxpayer’s related party transactions for a specific period of time
In July 2021, over 130 countries came together for a historic agreement on a two-pillar approach to reform international tax rules and ensure that multinational enterprises pay a fair share of tax wherever they operate. These revisions are internationally introduced to avoid tax abuses and until the rules are finalised, it may or may not be possible to revise current structures to minimise its impact. Here is a broad overview and our take on its impact on your business.
When a person is making payments (where withholding tax is applicable) to a non-Singapore tax resident, he must account (i.e. withhold) for the withholding tax at the earliest of the following dates...
Following the close monitoring of COVID-19 situation during the extended Stabilisation Phase which ran until 21 November 2021, the Ministry of Finance announced on 20 November 2021 that Singapore is now exiting the Stabilisation Phase and correspondingly, support measures will be tapered down.
Following the close monitoring of COVID-19 situation during the Stabilisation Phase which ran from 27 September 2021 to 24 October 2021, the Ministry of Finance announced on 20 October 2021 an extension of the Stabilisation Phase for another month (i.e. until 21 November 2021).
With the re-tightening of safe management measures imposed for the period 27 September 2021 to 24 October 2021, the Ministry of Finance announced on 24 September 2021 a S$650 million support package for businesses.
As a corporate group grows and expands globally, business considerations become increasingly complex. The Group’s treasury function becomes one of the key areas that must be looked at to ensure efficient management of its funds. The 'Building a Treasury Centre for Sustainable Growth' is designed to provide businesses with an overview of RTC functions and a comparison of selected locations: Singapore, Hong Kong SAR, Malaysia and Thailand, in relation to relevant economic, tax and legal factors. Read more on our publication page.
Listing a Real Estate Investment Trust (REIT) enables property companies to access equity markets which could not be reached before. At the same time, investors are given opportunities to own valuable real estate and receive returns from these assets via REIT distribution. A property owner may consider listing a REIT in Singapore which has a track record of being a REIT-listing hub with property portfolios spanning across Asia Pacific, North America and Europe. Another strong contender for a REIT listing is The People’s Republic of China (PRC), with its recent pilot listing of REITs on two of its exchanges.
This guide provides key tax considerations that a property owner should consider before listing a REIT either in Singapore or the PRC.
With the tightening of safe management measures imposed for the period 22 July 2021 to 18 August 2021, the Ministry of Finance announced on 23 July 2021 a S$1.1 billion support package for workers and businesses hit by this Phase 2 (Heightened Alert) (“P2(HA)”) restrictions.
Singapore implemented tighter restrictions on higher-risk activities under Phase 2 (Heightened Alert) [“P2(HA)”] from 16 May 2021 to 13 June 2021 with a view to curb community spread of COVID-19.
The COVID-19 pandemic has disrupted adversely many areas of our life. It comes as no surprise that the transfer pricing (“TP”) environment is impacted as well. Many jurisdictions had adopted new measures to help taxpayers meet their TP compliance-related obligations in respect of related party transactions.
With the recent update of the e-Tax Guide Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses (Third Edition) on 17 August 2020, Inland Revenue Authority of Singapore (“IRAS”) introduced a new de-minimis limit for Designated Bank Account (“DBA”). This will take effect from Year of Assessment (“YA”) 2020 prospectively.
The COVID-19 pandemic has caused severe disruption to the global economy with its effects yet to be fully felt in various business sectors. Whilst assessing the impact, the Singapore Government has announced a series of COVID-19 relief measures over a record four Budgets, including Property Tax Rebate, and Rental Relief Framework.