by admin | Jun 12, 2024 | Accounting, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced a strategic shift towards enhancing individual income tax compliance through upstream interventions and maximizing voluntary adherence. Updated guidance on the IRAS website outlines a multi-pronged...
by admin | Jun 11, 2024 | Accounting, Income Tax, Tech News
The IFRS Foundation has released a significant update to its website, publishing crucial agendas, meeting papers, summaries, and future planning documents for several key standard-setting and advisory bodies. This comprehensive update provides stakeholders with...
by admin | Jun 8, 2024 | Accounting, Company Law, Goods and Services Tax, Income Tax, Tech News
Landmark tax cases from 2023 continue to reshape Singapore’s fiscal landscape, with two recent rulings clarifying critical issues for investment entities and trust structures. The decisions, analyzed at a Singapore Chartered Tax Professionals (SCTP) seminar, address...
by admin | Jun 4, 2024 | Accounting, Auditing, Company Law, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued updated guidance on the tax treatment of interest-free or subsidised loans provided to company directors, effective for Year of Assessment (YA) 2024. Key Change: New Benchmark Interest RateWith effect from 1...
by admin | Jun 4, 2024 | Accounting, Company Law, Goods and Services Tax, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has confirmed that Variable Capital Companies (VCCs) are eligible for the Corporate Income Tax (CIT) rebate measures announced in Budget 2024, provided they meet specific criteria. This update, alongside important...
