Latest Updates

Payments that are Subject to Withholding Tax

Pages 25 Apr 2025

Amendments

Amendments

A 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 tax has been added.

e-Learning on Global Anti-Base Erosion (GloBE) Rules and Domestic Top-up Tax (DTT)

New Content 08 Apr 2025

Record Keeping Guide for Non-GST Registered Businesses

e-Tax Guide 31 Mar 2025

Amendments

Amendments

Additional clarifications on record-keeping requirements have been added.

Over 1.9 Million Taxpayers to Enjoy No-Filing Service (NFS) for Tax Season 2025

Media Release 11 Mar 2025

GST InvoiceNow Requirement

Pages 07 Mar 2025

GST: Adopting InvoiceNow Requirement for GST-registered Businesses (PDF, 1.0 MB)

e-Tax Guide 07 Mar 2025

Country-by-Country Reporting (CbCR)

Pages 05 Mar 2025

Amendments

Amendments

Added Dominican Republic to the list of jurisdictions that have exchange relationships with Singapore.

Summary of Income Tax Advance Rulings Issued (3 Mar 2025)

Updated Content 03 Mar 2025

Exchange Rates

Updated Content 28 Feb 2025

Amendments

Amendments

The updated Exchange Rate Search Function (covering financial years ending 2020 to 2024) has been uploaded. The search function allows taxpayers that prepare tax computations in functional currencies other than Singapore dollars to retrieve the average exchange rate and convert the foreign currency amount to Singapore dollars.

Preparing a Tax Computation

Pages 28 Feb 2025

Amendments

Amendments

The updated Exchange Rate Search Function (covering financial years ending 2020 to 2024) has been uploaded. The search function allows taxpayers that prepare tax computations in functional currencies other than Singapore dollars to retrieve the average exchange rate and convert the foreign currency amount to Singapore dollars.