by admin | Dec 23, 2020 | Accounting, Tech News
In December 2020, the International Accounting Standards Board (Board) issued IFRS Taxonomy 2020—Update 2 Interest Rate Benchmark Reform—Phase 2. This Update includes IFRS Taxonomy elements to reflect the new disclosure requirements introduced by Interest Rate...
by admin | Dec 5, 2020 | Accounting, Tech News
On or about 27 November 2020, the International Accounting Standards Board (IASB) has proposed to amend IFRS 16 Leases by specifying how a company measures the lease liability in a sale and leaseback transaction. Sale and leaseback transactions are transactions for...
by admin | Dec 3, 2020 | Income Tax, Tech News
On or about 1 Dec 2020, the Inland Revenue Authority of Singapore (IRAS) has published an Income Tax Advance Ruling Summary No. 12/2020 with regards to “Withholding tax on art performance fees”. The subject was whether the provisions of sections 12(7)(a),...
by admin | Dec 3, 2020 | Income Tax, Tech News
On or about 1 Dec 2020, the Inland Revenue Authority of Singapore (IRAS) has published an Income Tax Advance Ruling Summary No. 13/2020 with regards to “Withholding tax on payments made pursuant to license agreement”. The Subject was whether the...
by admin | Dec 3, 2020 | Income Tax, Tech News
On or about 1 Dec 2020, the Inland Revenue Authority of Singapore (IRAS) has published an Income Tax Advance Ruling Summary No. 14/2020 with regards to “Qualifying Debt Securities”. The Subject was whether: the perpetual capital securities (“Securities”)...
