by admin | Apr 18, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced amendments to several key notifications governing tax exemptions for specific interest and other payments made to non-residents. These changes, enacted under Section 13(4) of the Income Tax Act 1947 (ITA),...
by admin | Apr 18, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) and the Infocomm Media Development Authority (IMDA) have announced a phased mandate requiring all Goods and Services Tax (GST)-registered businesses to adopt the InvoiceNow network for transmitting e-invoice data to...
by admin | Apr 17, 2024 | Accounting, Income Tax, Tech News
Significant amendments to Singapore’s Income Tax Act 1947 (ITA) and related subsidiary legislation came into effect on 12 April 2024, operationalizing a framework to delegate specific tax incentive administration functions to designated public bodies. This...
by admin | Apr 13, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has issued IFRS 18 Presentation and Disclosure in Financial Statements, a significant new standard designed to improve the transparency, comparability, and usefulness of financial performance information for...
by admin | Apr 10, 2024 | Accounting, Goods and Services Tax, Tech News
The Singapore High Court has dismissed an appeal by THM International Import & Export Pte Ltd (THM), reinforcing that factual determinations by the Goods and Services Tax Board of Review (Board) generally fall outside the scope of judicial appeal. The ruling...
