by admin | Oct 29, 2024 | Accounting, Goods and Services Tax, Tech News
The Ministry of Finance (MOF) has formally responded to public feedback on the draft Customs (Amendment) Bill 2024, declining requests to modify the term “remove” concerning dutiable goods in licensed warehouses nearing licence expiry or withdrawal. The...
by admin | Oct 26, 2024 | Accounting, Income Tax, Tech News
The Accounting Standards Council (ASC) of Singapore has issued a significant new standard aimed at reducing the reporting burden for certain entities. SFRS(I) 19 Subsidiaries without Public Accountability: Disclosures has been formally released, providing a tailored...
by admin | Oct 18, 2024 | Accounting, Income Tax, Tech News
Significant amendments to Singapore’s cornerstone investment incentive legislation were tabled in Parliament this week. The Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill 2024 (Bill No. 41/2024) received its first reading on 15 October...
by admin | Oct 14, 2024 | Accounting, Employment, Income Tax, Tech News
Significant changes to the tax treatment of platform workers are imminent following the assent of the Platform Workers Act 2024 on 30 September 2024. The Act amends the Income Tax Act 1947 and establishes a new employment classification for platform workers, situated...
by admin | Oct 12, 2024 | Accounting, Income Tax, Tech News
The IFRS Foundation has published significant updates across its digital platforms, featuring critical resources for accounting professionals, regulators, and stakeholders. Key additions include exposure draft analyses, governance meeting materials, and...
