by admin | Jul 11, 2024 | Accounting, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has implemented a pivotal shift in its foreign-sourced income regime, mandating taxation on gains from overseas asset disposals under specific conditions. The new Section 10L of the Income Tax Act 1947 (ITA), effective 1...
by admin | Jul 10, 2024 | Accounting, Auditing, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has formalized disclosure requirements for public accountants and accounting firms concerning specific regulatory actions. Practice Direction No. 1 of 2024, issued on 9 July 2024, establishes a clear policy...
by admin | Jul 6, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) announced the completion of its Post-implementation Review (PIR) concerning the impairment requirements within IFRS 9 / SFRS(I) 9 Financial Instruments. The review assessed whether the practical application of these...
by admin | Jul 2, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) today announced the commencement of electronic filing services for corporate income tax returns for the Year of Assessment (YA) 2024. Businesses can now submit Form C, Form C-S, and Form C-S (Lite) via the myTax Portal...
