by admin | Oct 31, 2017 | Accounting, Tech News
Step 3 Determine transaction price 7.1 The transaction price is the amount of consideration to which an entity expects to receive in exchange for transferring promised goods or services to a customer. It excludes amounts collected on behalf of third parties (e.g....
by admin | Oct 30, 2017 | Income Tax, Tech News
The Income Tax (Amendment) Bill 2017 (the Bill) was first introduced in Parliament on 11 September 2017. It was read for the second time and passed in Parliament on 2 October 2017, and Gazetted (electronic edition) on 26 October 2017. The Income Tax (Amendment) Act...
by admin | Oct 28, 2017 | Goods and Services Tax, Tech News
The third edition of the IRAS e-Tax Guide on GST: Clarification on “Directly in Connection With” and “Directly Benefit” (Third edition) was published on 26 October 2017. It provides guidance on the interpretation and application of the two...
by admin | Oct 27, 2017 | Accounting, Tech News
The Accounting Standards Council (ASC) has submitted comment letters to the International Accounting Standards Board (IASB) on Request for Information: Post-implementation Review: IFRS 13 Fair Value Measurement. The Post-implementation review is to evaluate the...
by admin | Oct 27, 2017 | Accounting, Tech News
The Accounting Standards Council (ASC) has submitted a comment letter dated 19 October 2017 to the International Accounting Standards Board (IASB) on ED/2017/4 Property, Plant and Equipment — Proceeds before Intended Use (Proposed amendments to IAS 16). The ASC has...
