Across
- 4. Club subscription fee, medical expenses and motor car expenses are examples for “___” input tax.
- 5. Limited Liability Partnerships are considered ___ for tax, as the Partnership is not taxed, but rather, individual partners are taxed.
- 6. Taxpayers are to apply the arm’s length principle to ensure that the pricing of their transactions with their ___ parties reflects independent pricing.
- 7. When there is a conflict between Section 14 and 15 on deduction rules, Section 15 will ___.
- 8. The ___ charge regime were implemented from 1 Jan 2020 to tax imported services for Business-to-Business supplies.
- 10. A tax ___ is a country where no tax or very low tax is imposed, and generally has no requirements for substantial activities.
- 12. Central Provident Fund (“CPF”) relief is claimable for compulsory employee CPF contributions under the CPF Act and ___ contributions to your Medisave account.
- 15. Double taxation agreements do not ___ tax.
- 16. Under Article 5 of treaty provisions, there are 3 types of permanent establishments (PE) namely, physical PE, building, construction, installation PE and ___ PE.
- 17. In a Limited Liability Partnership (LLP), an LLP’s partner setoff of CA, IBA and losses against other income is ___ to his or her contributed capital.
- 18. An investment ___ company is a company that buy and sell investments as part of its trade.
- 20. For YA 2021 and 2022 only, businesses have an ___ option to claim Renovation and Refurbishment deduction in 1 YA.
Down
- 1. The Major ___ Scheme is designed to ease the cash flow of businesses that import and export goods substantially.
- 2. For clubs and associations, the ___ principle is applied to ensure that contributors and participators are identical.
- 3. The comparable ___ price method compares the price charged for goods or services in a controlled transaction against an uncontrolled transaction.
- 9. One of the benefits of the Non-Ordinarily Resident (NOR) Scheme includes tax ___ on employer’s contribution to non-mandatory overseas pension funds or social security schemes.
- 11. Under a tax ___ plan, employers are responsible for the amount of actual tax paid in excess of the amount the employee would have paid in his home country if he had not been posted overseas.
- 13. GST is a ___ tax where GST is collected at every stage of the supply chain.
- 14. GST is chargeable on the supply of goods and services in Singapore by ___ traders, and the importation of goods and services into Singapore.
- 19. Under Double/Unilateral Taxation relief, credit is computed on a source by source, ___ by ___ method.