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2010, Sep 03

Tax

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Tax

Singaporean in Biggest GST Fraud Case Jailed, Fined US$12.4M
24-Aug-10
A Singaporean businessman dealing with mobile phones has been sent to jail for 54 months and ordered to pay a penalty of S$17 million for GST fraud.
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Incentives Lure Shipping Industry to Singapore
16-Aug-10
An increasing number of the world's shipping companies are setting up shop in Singapore because of the incentives the government is providing.
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China Waives Tax for BPOs
13-Aug-10
Firms specializing in information technology outsourcing, business process outsourcing and knowledge process outsourcing, don't have to pay sales tax until December 2013.
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Utilising British Virgin Islands and Cayman Islands Entities for Private Equity Investment into China
10-Aug-10
This Ogier briefing addresses inbound private equity investment into the PRC, including the initial establishment of the offshore investment fund structure.
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Trading Company Convicted of Tax Evasion
10-Aug-10
Unicla Trading Pte Ltd. has been convicted of tax evasion and fined S$18,000 and ordered to pay a penalty of S$1,211,276.07.
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Singapore Seeks Comments on Stamp Duties
09-Aug-10
Singapore's Ministry of Finance has opened for public consultation three proposed legislative amendments under the draft Stamp Duties (Amendment No. 2) Bill 2010.
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Offshore Equity Transactions: Implications of Recent Changes to Corporate Tax Law in China
03-Aug-10
This Ogier briefing addresses various tax issues on equity transfers by non-Chinese tax resident enterprises.
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Finance Manager Jailed for Tax Evasion
15-Jul-10
Madeleine Foo Tiew Heng, the finance manager of two Singapore firms, will spend two months in jail for tax evasion.
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Greater Freight Tax Burdens HK's Shipping Firms
09-Jul-10
Hong Kong's failure to secure double tax deals with some countries have resulted in shipping companies incurring a greater freight tax burden.
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Reform to Raise Western China's Tax Income
08-Jul-10
China is considering expanding the resources tax reform from Xinjian to the western provinces.
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