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IRAS e-Tax Guide: Tax treatment of ESOP and other forms of ESOW plans

by admin | Feb 28, 2022 | Employment, Income Tax, Tech News

On or about 25 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has published the third edition of the e-Tax Guide on Tax treatment of employee stock options (ESOP) and other forms of Employee share ownership (ESOW) plans. It replaces the second edition...

FAQ on The Foreign Account Tax Compliance Act (FATCA) and IRAS Supplementary XML schema user guide for preparing the FATCA reporting data file

by admin | Feb 25, 2022 | Income Tax, Tech News

On or about 23 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has updated to FAQs on the Foreign Account Tax Compliance Act (FATCA), and published the fourth edition of IRAS User Guide : IRAS Supplementary XML Schema User Guide for Preparing the FATCA...

Withholding Tax (User guide to view/amend S45 Form and Document) – IRAS website updated

by admin | Feb 25, 2022 | Income Tax, Tech News

On or about 23 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has updated it website to User guide to view or amend Sec 45 Form and submit of Sec 45 Document. Singapore Corporate Access (or Corppass) is the sole authorisation system for entities to manage...

Global Interbank Offered Rate (“IBOR”) reform and Tax Implication

by admin | Feb 25, 2022 | Accounting, Income Tax, Tech News

On or about 23 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has updates its website content to Interbank Offered Rate reform. In view of the global Interbank Offered Rate (“IBOR”) reform, the Singapore Overnight Rate Average (“SORA”) will replace...

Imported low-value goods and B2C non-digital services straddling 1 Jan 2023

by admin | Feb 24, 2022 | Goods and Services Tax, Tech News

On or about 23 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has updated its web page to rules on imported low-value goods and business-to-customer (“B2C”) non-digital services straddling 1 Jan 2023. The Minister for Finance announced in Budget 2021 that...
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  • Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12
  • Pension Benefits that Depend on Asset Return
  • The ASC submitted comments on Non-current Liabilities with Convenants and Supplier Finance Arrangement
  • Lessor Forgiveness of Lease Payments (IFRS 9 and IFRS 16)
  • Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17)

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