by jaspreet | Aug 7, 2025 | Uncategorized
There are no gift taxes in Singapore. There are special cases, such as in the event of grief or when condolence tokens are sent, the employer will not be charged a gift tax. At this time of year, it’s common for companies to give gifts to their customers and...
by jaspreet | Aug 7, 2025 | Uncategorized
Gift cards have always been the top choice on every list of corporate gift ideas. It’s the most flexible gift an employer can give to their employees. In addition, the best thing about giving gift cards to your employees as a Christmas present is to...
by jaspreet | Aug 7, 2025 | Uncategorized
No, gift cards and gift certificates don’t count as a tax-deductible expense, even if you give them to a customer. In addition, any cash (or cash equivalents) counts as taxable income for the beneficiary. That makes them the main exception to the general rule of...
by jaspreet | Aug 7, 2025 | Uncategorized
In some situations related to the gift of tickets for sporting events or other events, the taxpayer can choose whether to claim the deduction as a gift or as entertainment. Finally, individuals who make donations as part of their overall estate and financial plan...
by jaspreet | Aug 7, 2025 | Uncategorized
The general rule of thumb is that any gift is a taxable gift. However, there are many exceptions to this rule. The following gifts are generally tax-free. Gifts that qualify for minimum additional benefit status include holiday gifts, occasional tickets to...
