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e-Tax Guide, GST: Guide on Reimbursement and Disbursement of Expenses revised

by admin | Dec 30, 2019 | Goods and Services Tax, Tech News

On or about 30 December 2019, the Inland Revenue Board of Singapore (IRAS) has released the fourth edition of the e-Tax Guide, GST: Guide on Reimbursement and Disbursement of Expenses. It replaces the third edition published on 18 October 2019. The revised e-Tax Guide...

Invitation to comments on Exposure Draft ED/2019/7 by ASC

by admin | Dec 20, 2019 | Accounting, Tech News

On or about 17 December 2019, the International Accounting Standards Board (IASB) has issued Exposure Draft ED/2019/7 General Presentation and Disclosures for public comments by 30 June 2020. Limited changes to the statement of cash flows and the statement of...

ASC’s comments on ED/2019/3 Reference to the Conceptual Framework (Proposed amendments to IFRS 3)

by admin | Dec 19, 2019 | Accounting, Tech News

On or about 18 September 2019, the Singapore Accounting Standards Council (ASC) has submitted its comment letter to the International Accounting standard Board (IASB) on ED/2019/3 Reference to the Conceptual Framework (Proposed Amendments to IFRS 3). The ASC is...

GST policy changes that will take effect in 2020

by admin | Dec 19, 2019 | Goods and Services Tax, Tech News

The Singapore Budget 2018 and 2019 included several GST policy changes such as lowered GST relief and duty-free alcohol limit for travellers which took effect immediately while others were kick in 2020 and later. In Budget 2018, the following were the changes: GST...

ASC invites comments on Exposure Draft ED/2019/7 General Presentation and Disclosures

by admin | Dec 18, 2019 | Accounting, Tech News

On or about 18 December 2019. the Accounting Standards Council (ASC) invites comments on Exposure Draft ED/2019/7 General Presentation and Disclosures by 20 April 2020. The compiled comments would then be summarised and forwarded to the IASB. On or about 17 December...
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