by admin | Jul 8, 2025 | Accounting, Property Tax, Tech News
The Ministry of Finance (MOF) announced significant changes to the Seller’s Stamp Duty (SSD) regime for residential properties on 3 July 2025. The amendments took effect on or after 4 July 2025, 12:00am, aim to cool speculative activity in the residential market...
by admin | Jul 7, 2025 | Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced the release of updated versions of two critical employer notification forms, Form IR21 and Form IR21A, on its official website. This update, pertinent to employer income tax reporting obligations, provides...
by admin | Jul 5, 2025 | Accounting, Income Tax, Tech News
The International Sustainability Standards Board (ISSB) has published two pivotal draft proposals outlining significant revisions to the SASB Standards and consequential updates to the implementation guidance for IFRS S2 Climate-related Disclosures. This marks a...
by admin | Jul 4, 2025 | Accounting, Goods and Services Tax, Tech News
Singapore’s list of non-taxable public agency supplies has been formally expanded under the Goods and Services Tax (Non-taxable Public Agency Supplies) (Amendment No. 2) Order 2025, effective 30 June and 1 July 2025. The amendment modifies the principal 2024 Order,...
by admin | Jul 3, 2025 | Accounting, Goods and Services Tax, Tech News
In a move to streamline compliance for businesses, the Inland Revenue Authority of Singapore (IRAS) has eliminated the mandatory approval process for adopting the Gross Margin Scheme (GMS). This significant regulatory change took effect on 1 July 2025. Key Change:...
