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IRAS Clarifies Hybrid Instrument Characterization

by admin | Dec 27, 2025 | Accounting, Auditing, Income Tax, Tech News

The Inland Revenue Authority of Singapore (IRAS) has issued the third edition of its e-Tax Guide on the Income Tax Treatment of Hybrid Instruments, effective 26 December 2025. This update provides critical clarifications for issuers, holders, and their professional...

ACRA issues Audit Practice Guidance No. 1 of 2025

by admin | Dec 26, 2025 | Accounting, Auditing, Income Tax, Tech News

The Accounting and Corporate Regulatory Authority (ACRA) has issued Audit Practice Guidance No. 1 of 2025, titled “Delivering Quality Audits in a Technology-Driven Environment”, addressing the implications of rapid technological change on audit quality and audit...

Tax Board Distinguishes Capital from Employment Income in Share Sale Earn-Outs

by admin | Dec 23, 2025 | Accounting, Employment, Income Tax, Tech News

A recent decision by the Singapore Income Tax Board of Review (UZF & Anor v Comptroller of Income Tax [2025] SGITBR 4) provides critical guidance on characterizing payments to key personnel in a company sale. The Board ruled that post-sale “Annual Additional...

Valuation Review Board Denies Amendment to Appeal Notice, Clarifies Procedural Boundaries

by admin | Dec 19, 2025 | Accounting, Property Tax, Tech News

In a ruling with significant procedural implications for property tax appeals, the Valuation Review Board (VRB) has dismissed Shaw Towers Realty (Pte.) Limited’s application for leave to amend its notice of appeal and proposed annual values ([2025] SGVRB 1). The...

Land Intensification Allowance (LIA) Scheme Updated

by admin | Dec 16, 2025 | Accounting, Auditing, Income Tax, Tech News

The Income Tax (Land Intensification Allowance) (Amendment) Regulations 2025, gazetted on 12 December 2025, formally update the LIA framework with effect for planning permission applications submitted on or after 1 January 2026. Core Amendments: The revisions modify...
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