by admin | Aug 17, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has published a proposed update to the IFRS Accounting Taxonomy 2024 specifically addressing the digital reporting of renewable electricity contracts. This initiative directly supports forthcoming amendments to IFRS...
by admin | Aug 9, 2024 | Accounting, Income Tax, Tech News
Singapore’s reclaim of the world’s #1 competitive economy ranking (IMD World Competitiveness Survey) is significantly attributed to its strategic embrace of Artificial Intelligence (AI). With 45% of businesses actively using AI and another 38% planning near-term...
by admin | Aug 8, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Monetary Authority of Singapore (MAS) has introduced a mandatory requirement for screening reports to accompany all new applications for key tax incentives made by family office-managed fund vehicles, effective 1 October 2024. Key Details: New Mandatory...
by admin | Aug 2, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has taken a significant step towards improving the transparency of financial reporting concerning climate-related and other uncertainties. On 31 July 2024, the Board issued a consultation document outlining eight...
