Vikna Rajah

Apr 5, 2024 | lexology.com | Vikna Rajah

IntroductionTax liability insurance products fully or partially indemnify the insured's tax risks, offering coverage for scenarios such as tax liabilities imposed by tax authorities, defence costs against tax claims, and gross-up taxes on proceeds. This coverage effectively transfers tax liability to the insurance company, providing businesses with financial protection against unexpected tax liabilities.

Feb 16, 2024 | lexology.com | Vikna Rajah

IntroductionThe Budget Statement for Budget 2024 was delivered on 16 February 2024. Given a modest 1.1% in Singapore's economic growth in 2023, expected continued resilience of growth in major economies and looming geopolitical risks, Budget 2024 seeks to assist Singaporeans in meeting their full potential, navigating uncertainties, and building a common, shared future together.

Oct 23, 2023 | lexology.com | Lee Weilin |Kala Anandarajah |Alvin Tan |Vikna Rajah

IntroductionOn 4 October 2023, the Ministry of Sustainability and the Environment ("MSE") and the National Environment Agency ("NEA") shared a set of criteria for international carbon credits ("ICCs") under the ICC Framework.1 The ICC Framework will allow carbon tax-liable companies to use eligible ICCs to offset up to 5% of their taxable emissions commencing 1 January 2024.

Sep 19, 2023 | lexology.com | Lee Weilin |Kala Anandarajah |Alvin Tan |Vikna Rajah

IntroductionThe Carbon Pricing Act 2018 ("CPA") provides for, among other things, requirements relating to registration as registered persons and reportable facilities, as well as, reporting and payment of tax in relation to greenhouse gas ("GHG") emissions. The Carbon Pricing (Amendment) Act 2022 ("Amendment Act") which amends the CPA, will come into operation on 1 January 2024.

Jul 19, 2023 | lexology.com | Vikna Rajah |Chen Xi

简介 2023年7月5日，新加坡金融管理局（"金管局"）宣布修改单一家族办公室（“家族办公室"）基金实体根据《1947年所得税法》（"所得税法"）第13O和13U条申请免税的资格标准。这些变化旨在鼓励有意义的资本部署，促进新加坡资产和财富管理行业的发展和完善。 谁会受到影响？ 新的申请标准将适用于自2023年7月5日起向金管局提交附件A初步材料的新申请人。然而，这些变化只影响被豁免资本市场服务（"资本市场服务"）许可证要求并为同一家族管理资产的家族拥有的基金实体。其他申请人的申请标准，如由金管局持照基金经理管理的家族拥有的基金，保持不变。 第13O条和第13U条申请资格标准的主要变化 取消宽限期...