3E Accounting Newsletter

E-Newsletter December 2018

Dear Valued Clients, Welcome to our E-Newsletter December 2018 We hope this finds you well! Though the last quarter was a challenging one as the trade tension between US and China intensified, Singapore had delivered a resilient performance in its economic growth. Singapore’s economy has recorded a 2.2% year on year growth in the third…

Overseas Services To Be Taxed by 2020

Overseas Services To Be Taxed by 2020

Overseas Services To Be Taxed by 2020 Changes to the Goods and Services Tax (Amendment) Bill will allow Singapore’s government to collect GST on overseas services beginning 2020. Users of Netflix for example, which is considered an overseas service, could cost extra. This may be a disadvantage for lower-income groups and further widen the digital…