Web20 Apr 2024 · The Government has extended the tax exemption on gains on disposal of equity investments provided under Section 13Z of the Singapore Income Tax Act (the Act) which was originally effective till 31 May 2024, to 31 December 2027. The Inland Revenue Authority of Singapore (IRAS) has also updated its e-Tax guide, Certainty of Non taxation … Web18 Jul 2024 · proposed section 32A. The new section provides that if such property becomes a trading stock that is subsequently sold, its market value on the date it became trading stock is treated as the cost of the trading stock. Section 32A(3) clarifies that a property the sale of which results in a capital gain or loss will be excluded from this section.
IRAS Help - Preparing & submitting applications - Radiation Assurance
WebHence, Section 14Q provides for a specific deduction for R&R costs that would otherwise have been non-deductible or non-allowable for capital allowances claim. The Section 14Q deduction is applicable to qualifying capital expenses incurred on or after 16 February 2008. WebObtaining a Copy of Documents Issued by IRAS; Corporate Income Tax Rate, Rebates & Tax Exemption Schemes; Updating Company Particulars; e-Learning Videos/ Webinars/ … richest diary farmers in india
IRAS Business expenses and deductions
Web28 Oct 2024 · Expenses that are allowed deductions under section 14 (1) of the ITA will not be affected by the restrictions under section 14ZE of the ITA. With the relaxation of the … WebComputation. Income Subject to Tax ('Taxable Income') $. 80,000 - 5,000 = 75,000. (Income minus deductible expenses) Generally, deductible business expenses are those 'wholly and exclusively incurred in the production of income'. In other words, they must satisfy all these conditions: The expenses are solely incurred in the production of income. Web28 Feb 2024 · IMPORTANT: Clinical Trials of Investigational Medicinal Products (CTIMPs) and Combined trials of an investigational medicinal product and an investigational medical device (IMP/Device trials). It is no longer possible for a new CTIMP or IMP/Device trial application to be made using this part of IRAS.If you have an existing CTIMP or … richest dictators in history