by admin | Nov 30, 2024 | Accounting, Income Tax, Tech News
The IFRS Foundation has announced significant updates to its website, providing essential resources for accounting professionals, regulators, and stakeholders focused on global financial and sustainability reporting standards. The latest additions encompass new...
by admin | Nov 29, 2024 | Accounting, Income Tax, Tech News
In a significant move towards enhanced tax transparency for crypto assets, Singapore has formally signed two key international agreements administered by the Organisation for Economic Co-operation and Development (OECD). The Inland Revenue Authority of Singapore...
by admin | Nov 29, 2024 | Accounting, Income Tax, Tech News
Significant amendments to Singapore’s income tax framework are now law following the Presidential assent of the Income Tax (Amendment) Act 2024 on 8 November 2024. The Act was officially published in the Government Gazette on 27 November 2024. The legislation...
by admin | Nov 29, 2024 | Accounting, Income Tax, Tech News
Singapore has formally enacted the Multinational Enterprise (Minimum Tax) Act 2024, marking a significant step in implementing the global tax agreement targeting large multinational corporations. President Tharman Shanmugaratnam assented to the legislation on 8...
by admin | Nov 25, 2024 | Accounting, Income Tax, Tech News
Qualifying shipping entities (QSEs) operating under key Singapore maritime incentive schemes now have the option to be taxed under a newly introduced Alternative Net Tonnage Tax (NTT) regime. This significant tax policy shift, initially announced in Tax Budget 2024,...
