ministry of finance (MOF)

Singapore seeks to push property owners to pass on property tax rebate in full to tenants

Property

Singapore seeks to push property owners to pass on property tax rebate in full to tenants

The new legislation, subject to Parliament's approval, could see property owners be found guilty of an offence if they fail to fully pass on the property tax rebate to their tenants

Management & Corporate Governance

Auditor-General uncovers repeat lapses highlighted in previous years

SINGAPORE (July 17): Lapses in the stewardship of government finances highlighted in the last few years were found to have been repeated, albeit in different public sector entities this time round, says the Auditor-General Office (AGO) in its FY2017/18 au

Yamada’s external auditor files report to MOF for inconsistencies in financial records

SINGAPORE (Oct 2): Yamada Green Resources announced that its external auditor, BDO Singapore, has filed a confidential report to the Ministry of Finance (MOF) under Section 207(9A) of the Companies Act of Singapore.

1MDB Watch

1MDB or MoF to foot refund of RM741 mil deposit paid for Bandar Malaysia?

(May 4): Questions are now being raised over who will refund the RM741 million ($239 million) deposit paid by a consortium led by Iskandar Waterfront Holdings Sdn Bhd (IWH) to acquire a 60% equity interest in Bandar Malaysia Sdn Bhd after the deal was cal

Update

Govt relaxes SSD, TDSR rules for residential properties; introduces new stamp duty for property-holding entities

SINGAPORE (March 10): Even as Singapore’s property cooling measures look set to remain, the government on Friday announced a reduction of Seller’s Stamp Duties (SSD) and changes to the Total Debt Servicing Ratio (TDSR).

Singapore proposes changes to peel off layers shielding beneficial ownership

SINGAPORE (Dec 27): Singapore's Ministry of Finance (MOF) and the Accounting and Corporate Regulatory Authority (ACRA) have launched a public consultation exercise, inviting views on proposed changes that should lead to greater transparency of benefi
Posed photo of man accessing Singapore Pools online betting website

No fanfare as Singapore Pools kicks off multi-million-dollar online betting services

SINGAPORE (Nov 2): Singapore Pools has become the first operator to offer legalised online betting services in the city-state. But one week after its launch on Oct 25, it has still been quiet on all fronts.

‘Good progress’ on Indonesia tax amnesty, but expenditure still an issue: Nomura

SINGAPORE (Sept 19): Nomura is maintaining its 2016 fiscal deficit forecast for Indonesia at 2.9% of GDP despite noting “good progress” of the nation’s recent tax amnesty deal.
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