by admin | Aug 31, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has published a proposed update to the IFRS Accounting Taxonomy 2024, integrating new and amended IFRS Standards finalized earlier this year. The taxonomy aims to standardize digital financial reporting under IFRS,...
by admin | Aug 31, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released a significant Advance Ruling (Individual Income Tax) Summary No. 1/2024, clarifying the tax treatment of business transfers by limited liability partnerships (LLPs) to companies. This ruling addresses a...
by admin | Aug 24, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has completed the disbursement of the Corporate Income Tax (CIT) Rebate cash grant. Eligible tax resident and non-tax resident companies were credited with the S$2,000 grant by 25 August 2024. Expanded Eligibility...
by admin | Aug 23, 2024 | Accounting, Income Tax, Tech News
The IFRS Foundation has announced significant updates to its online platform, enhancing resources for accounting professionals, regulators, and stakeholders. The latest additions include crucial governance documents, technical guidance, and multimedia content. Key...
by admin | Aug 22, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced several significant updates to its website, including the introduction of new case escalation forms, the expansion of its international exchange relationships, and revisions to key income tax and GST forms...
