Work at Home Companies Review - 0 views
started by Alexandre Pope on 05 Jun 12
started by Alexandre Pope on 05 Jun 12
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started by Alexandre Pope on 05 Jun 12
Article covers ways to use credit cards to improve a bad credit rating and talks about... Wrong Way vs. Right Way to Use Your Credit Business cards
Wrong Process: Continuously go beyond ones limit, make only the minimum payment, eat out at a restaurant and not pay it back, not make payments before its due, ask for payment extensions and holidays and get more than 10 to 15% of your total debt on your plastic cards
Right Approach: Buy responsibly, use cards for purchases that you will pay off each month, buy consumables only when paying them off completely month after month, make regular payments previously mentioned the minimum required, get their balance below the 50% stage in each card.
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Singapore is one with the popular jurisdictions for foreign investors to arrange their business and operational headquarters. As we just about all know, Singapore does not have any natural resources. The survival in the Singapore economy depends on both domestic consumption of goods and services together with international trades.
The products & Services Tax (" GST ") had been introduced in Singapore with 1 April 1994. One objective of introducing a GST system in Singapore can be to allow and facilitate a shift of the focus from direct taxation to indirect taxation from your tax revenue collection viewpoint.
What categories of transactions are subject to GST in Singapore? Within plain English, the general rule is actually that GST is made on (i) domestic consumption of goods and services together with (ii) importation associated with goods into Singapore. Now, the GST rate is 7%. Of course, you can find exceptions to this general rule. It is beyond the scope from this article to discuss these kind of exceptions.
Our GST legislation contains a lot of zero-rating provisions that properly allow GST registered people to charge GST at 0% under positive prescribed conditions. Although it might just sound easy to employ these provisions, it is submitted that in practice there are pitfalls these entities should become aware of. The reason is that any non-compliance with GST legislation might spark a hefty penalty to be imposed by way of the Singapore tax authorities. In this article, I will discuss a few specific situations concerning the employment of the zero-rating provisions and explain the most popular pitfalls. These are (we) the export of goods out of Singapore and (ii) that provision of international solutions to overseas persons.
Export of Goods using Singapore
For any zero-rating provisions to be applied to the export of goods out of Singapore, a GST registered entity must be sure that the goods in question will be or have been exported out of Singapore. This intention must be ascertained when when the sale was made. In addition, the GST registered entity is likely to maintain sufficient documentation in support of the export of the goods out of Singapore.
Although these requirements seem to be straightforward, in practice there are still companies that have ignored them. Perhaps this explains exactly why the Singapore tax specialists had made editorial amendments to their related tax guide branded "GST: A Guide on Exports" 9 times since original version was released in August 1994. Interestingly, out of these 9 amendments, 5 were made over the last 3 years. Dexterity, video, Diablo 3 Speed