by admin | Oct 10, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has significantly bolstered its suite of voluntary compliance programmes, introducing two key frameworks—the Tax Governance Framework (TGF) and the Corporate Income Tax Risk Management and Control Framework (CTRM)—to...
by admin | Oct 9, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has significantly expanded its eGIRO online application service, now enabling corporate taxpayers to enrol digitally for automated tax payments via the myTax Portal. This enhancement streamlines payment processes for...
by admin | Oct 5, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
In a significant step towards implementing the global minimum tax framework, the Inland Revenue Authority of Singapore (IRAS) has launched a public consultation on two critical sets of subsidiary legislation: the proposed Multinational Enterprise (Minimum Tax) (GloBE...
by admin | Oct 4, 2024 | Accounting, Income Tax, Tech News
The Accounting Standards Committee (ASC) has released significant amendments to the Singapore Financial Reporting Standards (International) [SFRS(I)], setting effective dates for 2026 and 2027. Entities are urged to commence impact assessments and transition planning...
by admin | Oct 3, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released a significant Advance Ruling Summary No. 5/2024, clarifying the income tax characterisation of subordinated perpetual securities. This ruling addresses critical questions for issuers and investors regarding...
