by admin | Apr 9, 2025 | Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has clarified significant tax changes affecting individuals, including revised relief structures, stock-based remuneration rules, and guidelines for gig economy/hobby income. These updates, effective from Year of...
by admin | Apr 8, 2025 | Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a key Advance Ruling (Individual Income Tax) Summary No. 2/2025, clarifying the taxation of benefits received by Singapore-based employees subscribing to shares in an overseas fund operated by their foreign...
by admin | Apr 8, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a significant Advance Ruling (Individual Income Tax) Summary No. 1/2025, clarifying the tax treatment of lump-sum settlements received by individuals upon the termination of earnout arrangements linked to...
by admin | Apr 3, 2025 | Accounting, Goods and Services Tax, Tech News
New data released by the Inland Revenue Authority of Singapore (IRAS) indicates sustained adoption and high retention rates for the Assisted Compliance Assurance Programme (ACAP). According to statistics published on the IRAS website on 1 April 2025: Cumulative...
by admin | Apr 2, 2025 | Accounting, Goods and Services Tax, Tech News
Significant procedural changes for appealing Goods and Services Tax (GST) decisions to the Board of Review (the Board) took effect from 1 April 2025. are now in force. MOF has announced on amendments to the Goods and Services Tax (Appeals Procedure for Board of...
