by admin | May 10, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has published an Exposure Draft (ED) outlining narrow-scope amendments to address accounting challenges arising from renewable electricity contracts. The proposals target IFRS 9 Financial Instruments (and its...
by admin | May 9, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced a dedicated point of contact for taxpayer inquiries concerning the impending Global Anti-Base Erosion (GloBE) Rules and Singapore’s Domestic Top-up Tax (DTT). This follows recent updates to the GloBE...
by admin | May 7, 2024 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has significantly bolstered its guidance concerning the detection and enforcement of Missing Trader Fraud (MTF) schemes, identified as a major Goods and Services Tax (GST) compliance risk. New content, including a...
by admin | May 3, 2024 | Accounting, Goods and Services Tax, Tech News
Significant amendments to Singapore’s Goods and Services Tax (GST) regime concerning supplies made by public agencies came into force following Presidential assent on 17 April 2024. The Goods and Services Tax (Amendment) Act 2024 (Act No. 14 of 2024) (the...
