Tax & Estate Planning

Get a lower tax bill in 15 minutes. Also, file your taxes by 18 Apr 2020.

Tax season 2020 is here! If you’ve yet to file your taxes because, “still got time”, you’re not alone. But why risk it, especially when the consequences of accidentally missing the 18 Apr 2020 deadline are so not worth it? Here’s a quick way to make sure you’ve maximised your reliefs and file your taxes – and be done for this year’s tax season. 1. Find out if you’re required to file your taxes this year 2. File your taxes

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Tax & Estate Planning

What On Earth Is A Fiduciary?

DEFINE Recently, my significant other opened the idea of discussing about whether it is worth getting a fiduciary and a financial adviser. I focused on the former. A fiduciary’s duties and responsibilities goes beyond directing the individual (i.e., beneficiary) to his or her financial goals. The fiduciary acts for or on behalf of the beneficiary in certain circumstances. This is a bond established by utmost confidence and trust. A fiduciary is either a person or an organization who has the

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Tax & Estate Planning

15 minutes to a lower tax bill and smooth Tax Season 2019 (1 Mar – 18 Apr 2019)

Lower your tax bill by maximising the tax reliefs available to you, and pick up some tax filing tips for a smooth tax season. Tax season 2019 has begun, and like most Singaporeans, you may once again be required to file your taxes this year. From filing your taxes to utilising the tax reliefs at hand, here’s a quick way to a breezy tax season. 5 minutes: Find out if you are required to file your taxes this year To

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Tax & Estate Planning

Ultimate Guide To Singapore Taxing System

Aside from its undeniable cleanliness and thriving economy, foreign investors see Singapore as a country with an attractive corporate and personal tax rates. The Singapore taxing system is widely known for its tax relief measures, absence of capital gains tax, one-tier tax system, and extensive double tax treaties. What keeps this system going? To answer that question, we must dive in to different types of taxes. INDIVIDUAL INCOME TAX As the name suggests, the individual income tax is imposed on

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Tax & Estate Planning

What are the taxation rules for NRI in Singapore?

Whether an Indian citizen leaves the country as a crew on an Indian ship or leaves the country for a job abroad, if s/he is not available in the country for more than 182 days in a year due to her/his job, s/he will be considered as a non-resident for tax purposes. It also includes Indian citizens who have settled overseas or are on deputation there – whether by getting hold of a permanent residential status e.g. a green card

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