by admin | Nov 6, 2024 | Accounting, Income Tax, Tech News
In a significant ruling impacting airport operators and tax treatment of infrastructure assets, the Singapore High Court has determined that runways, taxiways, and aprons (RTA) constitute “structures” for income tax purposes, not “plant.” This...
by admin | Nov 5, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has launched a critical stakeholder survey as part of its comprehensive review of accounting standards for intangible assets. Investors, companies, auditors, and other interested parties are urged to participate....
by admin | Nov 4, 2024 | Accounting, Income Tax, Tech News
The IFRS Foundation has published a significant batch of new technical content and meeting materials across its key standard-setting boards and advisory bodies. These updates, crucial for accounting professionals, regulators, and stakeholders in global financial...
by admin | Nov 2, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has published an Advance Ruling Summary No. 7/2024, provides critical clarification on the income tax characterization of fixed-rate subordinated perpetual securities. This ruling addresses significant questions for...
by admin | Nov 2, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a significant Advance Ruling Summary No. 6/2024, clarifying the income tax treatment of discounts applied when businesses sell trade receivables to banks. This ruling addresses a key question for companies...
