by admin | Aug 4, 2026 | Accounting, Income Tax, Tech News
The Accounting Standards Committee (ASC) has issued amendments to SFRS(I) 1-28 and FRS 28 concerning the fair value option for investments in associates and joint ventures. The amendments clarify which entities may elect to measure qualifying investments at fair value...
by admin | Aug 4, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released two new summaries of income tax advance rulings concerning the tax treatment of gains from property disposals and deferred distributions received from a foreign trust. The summaries provide further insight...
by admin | Aug 1, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has revised Form IR8A, Appendix 8A and Appendix 8B for the Year of Assessment (YA) 2027. Employers should ensure that the updated forms and related reporting requirements are incorporated into their 2026 payroll...
by admin | Jul 31, 2026 | Accounting, Income Tax, Tech News
From Year of Assessment (YA) 2026, Singapore’s Life Insurance Relief has been broadened so that a wife may claim relief for qualifying premiums she pays on her husband’s life insurance policy. The change removes the previous difference in treatment, under which...
by admin | Jul 31, 2026 | Accounting, Income Tax, Tech News
With effect from Year of Assessment (YA) 2026, Singapore’s Spouse Relief and Spouse Relief (Disability) rules have been broadened to include qualifying maintenance payments made by legally separated wives to their husbands. The change removes the previous gender-based...
