by admin | Nov 27, 2025 | Accounting, Goods and Services Tax
The Infocomm Media Development Authority (IMDA) has published the InvoiceNow Enterprise Best Practice Guide, a critical technical resource for enterprises planning to integrate the nationwide InvoiceNow e-invoicing network directly with their in-house Enterprise...
by admin | Nov 26, 2025 | Accounting, Income Tax, Tech News
The Ministry of Finance has enacted the Income Tax (Exemption of Income of Prescribed Persons Arising from Funds Managed by Fund Manager in Singapore) (Amendment) Regulations 2025. These amendments, gazetted on 24 November 2025, refine the operational and definitional...
by admin | Nov 26, 2025 | Accounting, Goods and Services Tax, Income Tax
The Accounting Standards Council (ASC) has enacted Singapore Financial Reporting Standards 118 [SFRS(I) 18] Presentation and Disclosure in Financial Statements, effective for annual periods beginning on or after 1 January 2027. This standard, aligning with IFRS 18,...
by admin | Nov 25, 2025 | Accounting, Goods and Services Tax, Tech News
Singapore Customs administers the Temporary Import/Export Scheme (TIS), a facilitative regime allowing for: The temporary importation of goods for approved purposes for up to six (6) months with suspension of Goods and Services Tax (GST) and import duties. The...
by admin | Nov 20, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released the 8th edition of the Transfer Pricing Guidelines (TPG), introducing a pilot implementation of the Simplified and Streamlined Approach (SSA) for baseline marketing and distribution activities. The pilot...
