Voluntary Disclosure Program (VDP): Minimizing Penalties with Proactive Compliance

Voluntary Disclosure Program (VDP): Minimizing Penalties with Proactive Compliance Maintaining robust tax compliance is a key priority for businesses in Singapore. Even with the best intentions, tax errors can occur. The Voluntary Disclosure Program (VDP) introduced by the Inland Revenue Authority of Singapore (“IRAS”) offers businesses an opportunity to correct these errors and reduce penalties. […]

Refundable Investment Credit (RIC) 新加坡为什么推出可退还税收减免计划

中资客户全球投资与税务战略新加坡为什么推出可退还投资税收抵免计划？ 当前全球经济格局日益竞争激烈，各国政府纷纷推出丰厚的激励措施以吸引投资，特别是在半导体和先进制造等战略性行业。新加坡也必须持续保持其作为商业发展和增长的理想地点的吸引力。   什么是可退还投资税收抵免？ 可退还投资税收抵免 / Refundable Investment Credit (RIC)是一项新的投资促进工具，旨在支持所有在新加坡从事实质性和高价值经济活动的公司（例如：脱碳、研发、创新或扩建制造设施)。 RIC是一种具有可退还现金特性的税收抵免工具，设计上与《全球反基地侵蚀规则》（GloBE）中的合格可退还税收抵免一致。该税收抵免将首先用于抵消应付的公司所得税。如果RIC的金额超过公司应付的税款，未使用的税收抵免将在公司提交关于合格支出的申请后的四年内退还现金给公司。 RIC的支持将与公司在新加坡的新投资的规模和质量相匹配。RIC 根据提议项目的特性，提供 10%、30% 或 50% 的支持比例。这将在项目开始之前预先确定。豁免计划期取决于提议项目的持续时间，每个 RIC 奖励的合资格期最长不得超过10 年。只有在合资格期内发生的合资格开支才能获得支持。若公司违反任何 RIC 奖励的条款或条件，新加坡经济发展局(EDB)或企业发展局(ESG)可能会终止 RIC 奖励，并要求公司退还已发放的 RIC。   为什么需要RIC？ RIC将帮助新加坡吸引和鼓励高质量的投资，并为新加坡人创造良好的就业机会。RIC的活动和支出类别与我们新加坡2030经济愿景的四大支柱（即贸易、企业、制造业和服务业）以及我们的绿色转型目标保持一致。 谁可以申请 RIC? 所有在新加坡进行重大新投资的公司，且这些投资有助于新加坡经济或提升新加坡在全球领先行业或新兴增长行业中的能力，都可以申请RIC。申请人必须是新加坡注册成立的公司或在新加坡注册的外国公司的分支机构。   什么是 RIC 的合格活动？ RIC 支持以下六类合格活动： RIC 的评估标准是什么？ 提议的项目将根据以下要求进行评估：包括对本地业务支出、固定资产投资和就业的承诺、能力的开发和深化、产能的创建、资源效率的提升，以及对经济的乘数效应，例如与其他私营或公共部门参与者的合作。   什么是 RIC 的合格开支？ 合格开支指在新加坡进行合格活动期间所产生的开支。这些开支将在项目开始前预先确定，可能涵盖以下内容(视项目的类型和规模而定): 人力成本 资本性开支 若项目涉及研发、创新、商品交易或生态系统开发，还可包括： 专业服务费用 运输与物流费用 材料与消耗品 无形资产成本 培训费用 融资成本 以下开支不属于合格开支： […]

Internal Control Insights – The Importance of Documented Policies and Procedures for Companies of All Sizes

The Importance of Documented Policies and Procedures for Companies of All Sizes Documented policies and procedures are essential for companies of all sizes. For small businesses, they provide clear guidelines to ensure consistency and accountability as they grow. For larger organizations, they promote efficiency, standardization, and compliance across complex operations. Regardless of size, having well-documented […]

Unlock Opportunities with the Tax Governance Framework (TGF)

Why Tax Governance Matters: Unlock Opportunities with the Tax Governance Framework (TGF) In today’s complex regulatory environment, businesses face increasing pressure to maintain robust tax compliance. It’s no longer just about avoiding penalties—it’s about building trust with stakeholders, safeguarding your reputation, and unlocking opportunities for growth. The Tax Governance Framework (“TGF”), introduced by the Inland […]

CLA Global TS Delivers Joy with the Boys’ Brigade Share-A-Gift Project 2024

The people of CLA Global TS gathered at a basketball court along North Bridge Road, ready to partake in the annual CSR Day 2024.   Singapore, 18 December 2024 – With 2024 marking yet another year of giving for CLA Global TS, the firm celebrates this Christmas by sharing festive cheer with beneficiary residents of […]

CLA Global TS Leadership Development Programme

At CLA Global TS, continuous learning and development are at the core of our culture. While we regularly conduct training sessions to enhance technical knowledge, financial standards, and compliance expertise, we also place a strong emphasis on nurturing exceptional leaders within our organisation. As the year draws to a close, the CLA Global TS Assurance, […]

Alternative Net Tonnage Basis of Taxation in Singapore

Alternative Net Tonnage Basis of Taxation in Singapore – Key Aspects of the Scheme and what Shipping Companies should know In light of the Base Erosion and Profit Shifting (“BEPS”) Pillar Two global minimum tax regime, which is set to impact multinational enterprises (“MNEs”) from 2025, Singapore has introduced the Alternative Net Tonnage Basis of […]

China’s New Negative List for Foreign Investment

By Ms Flora Luo and Dr Scott Heidecke. China’s State Council Encourages Foreign Investment   During an executive meeting of the State Council that was held on August 19, 2024, the council reviewed and approved the new Special Administrative Measures for Foreign Investment Access (“Negative List”, 2024 Edition) and discussed potential policy measures that will support […]

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