Latest Updates

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.

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.

Budget 2025: Tax Changes and Enterprise Disbursements

News & Events 18 Feb 2025

Over 2 Million Employees to Benefit from Pre-filled Tax Returns; 120,000 AIS Employers to Submit Employees’ Employment Income Data by 1 Mar to Avoid Penalties

Media Release 11 Feb 2025

Reporting of foreign-sourced disposal gains by partnerships

New Content 11 Feb 2025

Amendments

Amendments

A new FAQ on how partnerships should report their foreign-sourced disposal gains when filing their Form P has been added.

Reimbursement to employees for transport expenses

New Content 15 Jan 2025

Transfer Pricing

Pages 02 Jan 2025

Amendments

Amendments

Indicative margin for related party loans for 2025 has been added.

The MLI changes to Singapore's DTA with Mongolia enters into force on 1 January 2025

Updated Content 01 Jan 2025

FAQs on Spontaneous Exchange of Information

Updated Content 01 Jan 2025

Amendments

Amendments

Changed the date periods to reflect the new schedule for rulings accepted after 1 January 2025.