Knowledge base

Cyprus corporate and individual taxation Law draft amendments: 2015

On July 1st 2015, the President of Cyprus Nikos Anastasiadis, has officially declared that the Cyprus taxation system needs rapid changes to increase the level of the country’s competitiveness.


Taxation of Singapore investment companies

The Singapore Tax Authority (IRAS) have special rules relating to the taxation of investment companies. An investment company is one that owns investments such as properties, shares, bonds and therefore derives income such as rental, dividend and interest.


Taxation of Rental Income in Cyprus

Income, earned by a Cyprus tax resident individual, arising from the rental of immovable property which is situated in Cyprus is taxable both under the Cyprus Income Tax and the Special Contribution Tax legislation.


The European Union corporate tax reform action plan

On 17th June 2015 the European Commission has presented the Corporate Tax Reform Action Plan which signifies the second and more comprehensive step towards remodelling corporate taxation in the European Union.


How Singapore’s 2015 Budget will help SMEs

Singapore has a government who recognises the potentials of what Small & medium Enterprises (SMEs) can do for the economy and likes to support them accordingly. Since June 2014, Singapore has been chairing the ASEAN SME Working Group. Singapore hopes to lead fellow ASEAN members into the realisation of the ASEAN Economic Community for SMEs in 2015.


The amendment of the Assessment & Collection of Taxes Law in Cyprus

The amendments of the Assessment and Collection of Taxes Law 78/2014, made on the 20th of June, 2014 with regards to the Law 4/1978, is a clear demonstration of the Cyprus Government’s commitment to the reforms proposed by the Troika.


Complete withholding tax guide in Singapore 2015

Eltoma's experts have compiled some need to know information and we are happy to provide a complimentary downloadable guide to withholding tax Singapore in PDF format.


Withholding tax in Singapore: when to file and pay

Any person who withholds tax from interest, royalties, management fees, Directors’ remuneration or other payments paid to a non-resident person must complete and submit the IR37 form to the Comptroller together with the relevant amount of tax withheld.


Withholding tax in Singapore: non-resident Director's salary

Income subject to tax and its tax rate Section 45B (1): Section 45 shall apply in relation to the payment of any remuneration by a company to any non-resident Director of the company. Section 45(B) (2): subject to tax at 20%. For tax purposes, a non-resident Director is: A member of the board of…


Withholding tax in Singapore: management fees and services

Income deemed to be derived from Singapore Under Section 12(7)(c), payment for the management or assistance in the management of any trade, business or profession that are: Borne by a person resident or with permanent establishment in Singapore; OR Which are deductible against any income accruing…