Bangkok Discovery & Business Tour 06 to 09 October 2016

Quals Business Consultants is proud to present the exclusive invitation, from our business associate, to you. If you would like to take this opportunity as an overseas investment study trips for your company expansion, you can enjoy tax savings with DTDi which provides 200% tax deduction on the expenses incurred for this trip. While many […]

Loan Assistance for SMEs

[Singapore] To support viable SMEs that may have cash flow concerns or wish to continue growing their business, the Government will introduce a new SME Working Capital Loan scheme, for loans of up to $300,000 per SME. Under this scheme, the Government will co-share 50% of the default risk of these loans with participating financial […]

Automation Support Package

[Singapore] The introduction of automation support package is viewed as a replacement to the PIC scheme following the announcement to allow PIC scheme to be lapsed after YA 2018. This reflects the Government’s continuous commitment to drive productivity and innovation.    The automation support package will consist of enhancing existing grants available and introduction of […]

Enhancing the Mergers & Acquisitions (M&A) scheme

[Singapore]  To support more M&As, the existing cap for qualifying M&A deals will be doubled from $20m to $40m, such that:             » Tax allowance of 25% will be granted for up to $40m of consideration paid for qualifying M&A deals per YA; and » Stamp duty relief will be granted for up to $40m […]

Enhancement of Global Trader Program (Structured Commodity Finance)

[Singapore] To facilitate the growth of Singapore’s trading sector and create high-value professional, managerial & executive jobs, IE Singapore launched the Global Trader Programme (GTP) in June 2001.        Under the current Global Trader Programme (Structured Commodity Finance) (“GTP (SCF)”) scheme, approved companies are taxed at a reduced corporate tax rate of 5% or 10% on […]

Double Tax Deduction – Internationalisation Scheme

[Singapore] Currently businesses may claim up to 200% tax deduction on qualifying expenditure incurred on a range of qualifying market expansion and investment development activities. Expenditures up to $100,000 per Year of Assessment (“YA”), incurred on four selected activities under the current scheme, without the need for approval from IE Singapore or STB.   IE Singapore […]

Innovation Credit Scheme (PIC) lapse and reduced % for Cash Payout

[ Singapore ] Introduced in Budget 2010, and later enhanced in Budgets 2011, 2012, 2013 and 2014, Singapore government introduced Productivity and Innovation Credit Scheme (PIC) scheme that allow companies to enjoy up to 400% tax deduction or allowances or get a 60% cash pay-outs when they invest in the following 6 qualifying activities;  Acquisition and […]

Singapore Personal Tax Rate YA2017

[Singapore] Announced in Budget 2015, taxable income received by Singapore tax residents from calendar year 2016 will be subjected to the new personal income tax rate structure for individual taxpayers which take effect from Year of Assessment (YA) 2017. These changes will only affect individual deriving more than $160,000 chargeable income whereby; the next $40,000 […]

Singapore Budget 2016 Highlights

[Singapore] 2015’s GDP performance was the weakest performance since 2009 and market outlook for the year 2016 remains gloomy. China’s economy slowdown, low crude oil price, financial market volatility and global economic uncertainties has set private economists forecasting growth in 2016 to be around 1.9-2.2 per cent. Amid the poor economy outlook for the year […]