We wish to remind all Singapore resident and non-resident individuals who have earned income in Singapore during the 2011 calendar year that the deadline for filing personal income tax returns is April 15, 2012 for returns that are filed by mail and 18 April, 2012 for returns that are filed online.
Angel investors are an important source of capital for early stage companies. The Singapore government has introduced the Angel Investors Tax Deduction Scheme in a bid to attract business angels to invest their time and resources in promising Singapore-based start-ups.
SPRING Singapore has launched a new tax scheme to encourage angel investments in Singapore start-ups.
US citizens are subject to US taxation on worldwide income. However, citizens may elect to take a credit against their US income tax liability for taxes paid to a foreign country.
Today’s New York Times has an interesting story about how the cash starved states in the US are looking to raise taxes on everything from haircuts, funerals and dating services to fund their budgets.
Although UK’s Budget did outline a few measures for SMEs it did not contain any substantial measures that would attract investors or enhance its business friendly image.