by admin | Jan 31, 2022 | Employment, Income Tax, Tech News
On or about 29 Jan 2022, the Inland Revenue Authority of Singapore (IRAS) has updated the website content with regards to make changes after filing the original Income Tax Return, i.e., re-file via myTax Portal. After filing After a taxpayer have filed his or her...
by admin | Jan 13, 2022 | Accounting, Tech News
On or about 11 Jan 2022, the Accounting Standards Council (ASC) Singapore has issued a 2022 Singapore Financial Reporting Standards (International) (SFRS(I)s) effective for annual reporting periods starting from 1 January 2022. The SFRS(I)s include standards and...
by admin | Jan 8, 2022 | Company Law, Goods and Services Tax, Income Tax, Property Tax, Stamp Duties, Tech News
On or about 31 Dec 2021, under s 10 of the Revised Edition of the Laws Act 1983, the Law Revision Commission has published a revised edition of the following Acts: Companies Act 1967Economic Expansion Incentives (Relief from Income Tax) Act 1967Estate Duty Act...
by admin | Jan 6, 2022 | Goods and Services Tax, Tech News
Determining whether a supply is a B2B supply or B2C supply Under the Overseas Vendor Registration (OVR) regime, overseas suppliers are required to treat the services as supplied to a non-GST registered customer and charge and account for GST on their supplies. This is...
by admin | Jan 5, 2022 | Goods and Services Tax, Tech News
Where a return shows that the amount of input tax paid by the taxable person has exceeded the output tax which the taxable person has charged to the customers, the difference will be repaid to the taxable person (s 19(5) of the GST Act). Tax credits may be refunded...
