Tax alert

December 2022

• Issue 22: Public consultation on Pillar One: Amount B
• Issue 21: New e-Tax Guides on taxation of insurers arising from adoption of FRS 117 and tax framework for transfer of business by insurers
• Issue 20: Global minimum top-up tax: Proposed amendments to IAS 12 

November 2022

• Issue 19: Updates on overseas vendor registration and GST rates
• Issue 18: OECD: Report on tax incentives and global minimum tax

October 2022

• Issue 17: Updates to e-Tax Guide on R&D tax measures and claim form

September 2022

• Issue 16: Changes to exemption on mandatory overseas pension/provident fund contributions 
• Issue 15: BEPS 2.0 – U.S. Congress passes 15% alternative minimum tax

August 2022

• Issue 14: Are disclosures in 2022 necessary before tax laws are changed?
• Issue 13: BEPS 2.0 – Korea releases draft Pillar Two rules, Malaysia announces public consultation process

July 2022

• Issue 12: BEPS 2.0 progress update from G20/OECD Bali Summit

June 2022

• Issue 11: Updates on GST rate increase and related issues
• Issue 10: Latest updates on BEPS 2.0 from the World Economic Forum

May 2022

• Issue 9: IRAS releases new e-Tax Guide on appropriation of trading stock and conversion of non-trade/capital assets

April 2022

• Issue 8: Pillar One – Amount A: Public consultation on draft rules for scope
• Issue 7: Significant changes for work pass framework in Singapore

March 2022

• Issue 6: KPMG Perspectives on OECD/G20 GloBE Rules Commentary
• Issue 5: Launch of Tax Governance Framework and Tax Risk Management and Control Framework for Corporate Income Tax 
• Issue 4: Consultation on Pillar One – Draft model rules for tax base determinations

February 2022

• Issue 3: BEPS2.0: Consultation on Pillar One Draft Rules for Nexus and Revenue Sourcing

January 2022

• Issue 2: KPMG Perspectives on OECD/G20 Globe Rules
• Issue 1: Budget 2022 – a chance to brace for global minimum tax