Review of G7 Corporate Tax Reform and Its Impact on Singapore’s Economy

Teo Han Siang
The aim of this historic tax agreement was to create equal opportunities for all businesses, prevent multinational corporations and digital technology companies from abusing low-tax jurisdictions, and offering greater certainty on how we apply tax rules to the digital economy. This agreement has been created to ensure that businesses pay tax where the profits are made.

It’s no secret that tax can be stressful for business owners. But if you’re unsure of what to expect, the process can be even more intimidating. Consult with an accounting services firm, they can handle taxes for your business in Singapore, so you can be better prepared for tax season.

For accounting outsourcing services in Singapore, visit us at https://www.corporateservicessingapore.com/outsourced-accounting-services/.

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