by admin | Mar 9, 2026 | Accounting, Auditing, Income Tax, Tech News
This technical note summarizes key legislative amendments and administrative updates to Singapore’s corporate tax regime, effective from specified Years of Assessment (YAs), alongside compliance best practices and the prevailing penalty framework. 1. Section 10L:...
by admin | Mar 9, 2026 | Accounting, Auditing, Company Law, Income Tax, Tech News
This technical note outlines common corporate tax compliance issues and the relevant treatment frameworks following a review of current IRAS administrative positions and taxpayer obligations. 1. Foreign Source Income Tracking Under Singapore’s territorial basis of...
by admin | Mar 6, 2026 | Accounting, Auditing, Company Law, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has completed a comprehensive review of its Audit Quality Indicators (AQI) Disclosure Framework, introducing several significant updates. The revised framework, which takes effect for audits with financial years...
by admin | Mar 4, 2026 | Accounting, Auditing, Income Tax, Tech News
Singapore’s Inland Revenue Authority of Singapore (IRAS) has published Advance Ruling Summary No. 4/2026, addressing the tax treatment of gains arising from the sale of a company’s office property to a related party . Background of the Application Company A, a...
by admin | Mar 3, 2026 | Accounting, Auditing, Income Tax, Tech News
In a published decision that provides practical guidance on appeal procedure, the Income Tax Board of Review (the “Board”) has addressed the requirements for introducing new grounds of appeal in a tax dispute concerning capital allowance claims for a...
