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  2. Goods and Services Tax (Singapore) - Wikipedia

    en.wikipedia.org/wiki/Goods_and_Services_Tax...

    In view of uncertainty due to the COVID-19 pandemic, the GST increase [14] will be deferred to after year 2022, with a S$6 billion Assurance Package proposed in 2020 to cushion the impact when the hike kicks in. The GST increase is later deferred again, with the increase taking place in two stages, 8% on 1 January 2023 and 9% on 1 January 2024.

  3. Value-added tax - Wikipedia

    en.wikipedia.org/wiki/Value-added_tax

    A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax .

  4. Deferred Tax Assets vs. Deferred Tax Liabilities: What's the ...

    www.aol.com/deferred-tax-assets-vs-deferred...

    A deferred tax asset can be created in a variety of ways. Here are some of the major avenues that can lead to a deferred tax asset: Losses: Businesses can record capital losses as tax write-offs ...

  5. Deferred tax - Wikipedia

    en.wikipedia.org/wiki/Deferred_tax

    Deferred tax is a notional asset or liability to reflect corporate income taxation on a basis that is the same or more similar to recognition of profits than the taxation treatment. Deferred tax liabilities can arise as a result of corporate taxation treatment of capital expenditure being more rapid than the accounting depreciation treatment.

  6. Tax-deferred: What does it mean and how does it benefit you?

    www.aol.com/finance/tax-deferred-does-mean-does...

    Tax-deferred accounts have two main advantages. Portions of this article were drafted using an in-house natural language generation platform.The article was reviewed, fact-checked and edited by ...

  7. What Is Tax Efficiency? Key Strategies to Minimize Taxes on ...

    www.aol.com/finance/tax-efficiency-key...

    Tax-deferred accounts: Traditional IRAs and 401(k) plans are taxed on a deferred basis. This means you get a tax break upfront, but must pay taxes on any distributions.

  8. Deferral - Wikipedia

    en.wikipedia.org/wiki/Deferral

    A deferred expense, also known as a prepayment or prepaid expense, is an asset representing cash paid in advance for goods or services to be received in a future accounting period. For example, if a service contract is paid quarterly in advance, the remaining two months at the end of the first month are considered a deferred expense.

  9. Tax deferral - Wikipedia

    en.wikipedia.org/wiki/Tax_deferral

    Tax deferral refers to instances where a taxpayer can delay paying taxes to some future period. In theory, the net taxes paid should be the same. Taxes can sometimes be deferred indefinitely, or may be taxed at a lower rate in the future, particularly for deferral of income taxes.