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The Tax Cuts and Jobs Act of 2017 eliminated both the inclusion of alimony in gross income and the deduction for alimony for any divorce or separation agreement executed after Dece...
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Q: What is a Partnership? A: A partnership is a business owned by at least two (2) partners. The partner can be an individual, a company or a limited liability partnership. Q:...
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Generally, according to Article 18 of the Enterprise Income Tax Law, the losses incurred by an enterprise in a taxable year are allowed to be carried forward to the following years...
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There are three types of duties payable on the sale, purchase, acquisition or disposal of properties in Singapore. They are Buyer’s Stamp Duty (BSD), Additional Buyer’s Stamp Dut...
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Q: If the income from rental is applicable to “Rental Housing Market Development and Regulation Act”, how would the income tax be levied? A: According to “Rental Housing Mark...
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Employers can offer fringe benefits to employees; common fringe benefits include health insurance, retirement plans, and parking passes. Although most employee fringe benefits are ...
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Q: Can a dissolved company be restored to the Companies Registry in Hong Kong? A: Yes, there are two different ways to bring back a company into good standing, which are “Admin...
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Q: What are the timelines for a foreign company registered under the Companies Act to keep a public register of its members in Singapore? A: A foreign company registered under t...
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Q: The preferential policy for small-scale taxpayers at the reduced tax rate of 1% (Implementation time: April 30, 2020). A: Value-added tax (VAT) will be exempted for the small...
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When beginning a business, you must decide what form of business entity to establish. Your form of business determines which income tax return form you have to file. The most commo...
