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An overview to the AGN Asia Pacific Region activities and Member Firms relevant news.

December 2008:
Commissioner of Taxation v Reliance Carpet Co Pty Ltd [2008] HCA 22
The decision of High Court in Reliance Carpet case on 22 May 2008 held that GST is payable by a vendor on a forfeited deposit under a standard land contract that has been terminated by the purchaser.
[ Read more ]
November 2008:
Foreign sourced income tax exemption in Singapore
Singapore has been slowly but surely making it more attractive for multinationals and entrepreneurs to set up their operations, and to use Singapore as a spring board to go regional and global.
[ Read more ]
November 2008:
Catalist for Growing Local and International Companies
Catalist, a new listing platform was created by the Singapore Exchange (“SGX”) on 26 November 2007. It is transformed from SESDAQ, the current second Board of SGX.
[ Read more ]
November 2008:
Penal sections on matters relating to accounts
S199 Accounting records and systems of control
S201 Accounts, consolidated accounts and directors’ report
S203 Members of company entitled to balance sheet
[ Read more ]

November 2008:
TAX ALERT – Section 94A
The Inland Revenue Authority of Singapore has introduced a new section 94A(3) of the Singapore Income Tax Act to impose heavier penalties for failure to file tax returns for 2 years or more.
[ Read more ]

November 2008:
AGN INTERNATIONAL 2008 World Congress
AGN's 13th World Congress took place in the ‘Fair Wind’ city of Buenos Aires. 102 Delegates and companions from 32 different countries attended the event. A combination of interesting sessions and city outings made it another unforgettable experience for all.
[ Read more ]
November 2008:
AGN INTERNATIONAL 2008 Pre-Congress tour

AGN International has taken the opportunity that as its 2008 World Congress was celebrated in a very exotic place, Argentina, to organise a 1 week Pre-Congress Tour visiting closeby unforgettable locations.
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October 2008:
AGN INTERNATIONAL 2008 World Congress Chair Report
Ms. Esther Tan, chair of AGN INTERNATIONAL presented to members the Annual Report from the last year during the World Congress, which took place in Buenos Aires, Argentina, from 25 to 28 of September. Most relevant points of the report are detailed in this article.
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September 2008:
Ms. Esther Tan, chair of AGN INTERNATIONAL
Esther Tan was appointed as Chair of AGN during the last year’s World Congress which was held in Amsterdam, The Netherlands. AGN is delighted to have the first female chair ever appointed.
[ Read more ]

August 2008:
Mr. Ricky Wong, new chair of Asia / Pacific region.
Mr. Ricky Wong has recently accepted the commitment of being the chair of AGN ASIA / PACIFIC region.
[ Read more ]
April 2008:
Regional Conference, Macau
The AGN Asia Pacific Regional Conference took place in Macau on April 2008.
[ Read more ]
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