by admin | May 31, 2024 | Accounting, Goods and Services Tax, Tech News
In a significant enforcement milestone, the Inland Revenue Authority of Singapore (IRAS) has secured the first conviction involving imprisonment under Section 64A of the Goods and Services Tax Act (GSTA) for the unauthorized collection of Goods and Services Tax (GST)....
by admin | May 31, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has issued targeted amendments to the classification, measurement, and disclosure requirements for financial instruments under IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures. These changes...
by admin | May 27, 2024 | Accounting, Company Law, Income Tax, Tech News
For a Corporate Secretarial Provider (CSP), managing a VCC demands specialized expertise focused on its unique capital flexibility, complex sub-fund architecture, stringent financial reporting/audit regime, and dynamic regulatory environment. Success requires...
by admin | May 25, 2024 | Accounting, Auditing, Income Tax, Tech News
The International Accounting Standards Board (IASB) has released an exposure draft proposing significant updates to the IFRS Accounting Taxonomy. These amendments are designed to fully incorporate the new presentation and disclosure mandates established by IFRS 18...
by admin | May 24, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has enhanced its digital resources for taxpayers making payments to non-residents with the introduction of two new online tools: the Withholding Tax Applicability Guide for Non-resident Individuals and the Withholding...
