Search results
Sep 26, 2023 · financial statements prepared in one currency (e.g. US$) to another currency (e.g. S$) for presentation purpose (“translation foreign exchange differences”).
Apr 28, 2021 · Payment of income taxes are considered capital transactions and thus, have to be included in ascertaining the de-minimis limit. Payment of GST and withholding taxes may be considered as part of revenue transactions. The de-minimis limit has to be applied on each bank account.
- 9656 2171
- Partner-Corporate Tax
- engmin.lor@sg.gt.com
Oct 7, 2020 · With the recent update of the e-Tax Guide Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses (Third Edition) on 17 August 2020, Inland Revenue Authority of Singapore (“IRAS”) introduced a new de-minimis limit for Designated Bank Account (“DBA”).
2002–2008: No Limit and Young Money. In 2002, Currensy was signed to Master P's No Limit Records and was a late addition to the 504 Boyz. The song "Get Back" by 504 Boyz, produced by Donald XL Robertson, was featured on the 2003 film Malibu's Most Wanted soundtrack. Currensy appeared on 5 songs in Master P's Good Side, Bad Side album.
Mar 19, 2024 · You may refer to Taking Cash In and Out of Singapore page for more information on bringing in Physical Currency and Bearer Negotiable Instruments (CBNI)* of value exceeding S$20,000 (or its equivalent in a foreign currency).
If you are entering or leaving Singapore carrying a total value of Physical Currency and Bearer Negotiable Instruments (CBNI) 1 exceeding S$20,000 (or its equivalent in a foreign currency), you are required by law to make a CBNI declaration (Form NP 727) by submitting a full and accurate report to the Singapore Police Force.
The total number or value of capital transactions exceed the de minimis limit; or; The business chooses not to adopt the de minimis limit. This treatment applies even where the designated bank account is used solely for revenue purposes or meets the de minimis limit in subsequent years.
