by admin | Dec 31, 2025 | Accounting, Income Tax, Tech News
The operational framework for the jurisdiction’s implementation of the OECD Pillar Two global minimum tax rules has been formally completed. The Multinational Enterprise (Minimum Tax) (Administrative Matters) Regulations 2025 and the (Amendment No. 2) Regulations 2025...
by admin | Dec 31, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has published the prescribed Form for Registration under the Multinational Enterprise (Minimum Tax) Act 2024 (MMTA). This form initiates the formal compliance process for MNE groups subject to Singapore’s Pillar Two...
by admin | Dec 31, 2025 | Accounting, Income Tax, Tech News
The Ministry of Finance has enacted amendments to key insurance sector tax regulations, extending critical incentive schemes and introducing a new concessionary tax tier. The changes impact the Income Tax (Exemption and Concessionary Tax Rate) Regulations for Life...
by admin | Dec 30, 2025 | Accounting, Auditing, Income Tax, Tech News
The Ministry of Finance has officially announced that the FY2026 Budget Statement will be delivered by Prime Minister and Minister for Finance, Mr. Lawrence Wong, before Parliament on Thursday, 12 February 2026. The Budget will be disseminated via live television and...
by admin | Dec 30, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority has formally codified a suite of tax exemptions for shipping enterprises through the Income Tax (Shipping Enterprises — Section 13(4) Exemption) Notification 2025. This move provides long-awaited legislative clarity, retroactively applying...
