WebOct 2, 2024 · Research and development (R&D) expenses. For the years of assessment 2024 to 2025, enhanced tax deduction of 250% of qualifying expenditure is available for R&D carried out in Singapore, subject to conditions. Where the R&D is carried out overseas, a deduction of 100% of qualifying expenditure is allowed. Expenditure incurred in relation to … WebOct 1, 2024 · One of the examples given by the IRAS in their GST e-tax guide on “General Guide for Business” is that the cost of providing a clinic and qualified medical practitioner on board of certain ships under the Merchant Shipping (Training, Certification and Manning) Regulations would now be claimable with effect from 1 October 2024.Inferring from this …
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WebSep 30, 2011 · medical expenses (excluding those that are obligatory under the Work Injury Compensation Act or any collective agreement within the meaning of the Industrial Relations Act) family benefits any transaction involving betting, sweepstakes, lotteries, fruit machines or games of chance WebFeb 20, 2024 · the medical treatment in respect of expenses incurred on or after 1 Oct 2024 is provided in connection with any health risk or requirement arising on account of the nature of the work required of your staff or his work environment; and fathers under attack
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WebNov 1, 2024 · IRAS has updated their GST e-tax guide on the change in rules for prompt payment discount with effect from 1 April 2024. GST will be charged on the discounted price only if the customer fulfills the condition of the prompt payment discount. WebCOVID-19 GST guidance. To support employees who are affected by the COVID-19 outbreak, businesses may provide accommodation and other types of benefits to employees during the COVID-19 period. The Inland Revenue Authority of Singapore (IRAS) has provided guidance on circumstances where the input tax on expenses WebMar 15, 2024 · Here’s how IRAs are taxed and how you can avoid any penalty taxes on your savings. Taxes on traditional IRAs vs. Roth IRAs IRAs come in two major varieties – the … father sunil