by admin | Jan 5, 2020 | Accounting, Tech News
On or about 4 December 2019, the Accounting Standards Council (ASC), Singapore, has issued amendments to the FRSs on financial instruments in respect of hedge accounting requirements. The amendments, Amendments to SFRS(I) and FRS Standards: Interest Rate Benchmark...
by admin | Jan 3, 2020 | Ethics, Tech News
On or about 2 January 2020, the Institute of Singapore Chartered Accountants (ISCA) has issued Ethics Pronouncement 100 Implementation Guidance 3 (EP 100 IG 3) to address the concerns that professional accountants may face when adopting the NOCLAR Pronouncements...
by admin | Jan 2, 2020 | Employment, Income Tax, Tech News
Around 930,000 Singaporean households living in Housing Board flats will receive a GST (goods and services tax) Voucher to offset part of their utility bills this month. On or about 2 January 2020, the Ministry of Finance (MOF) stated that the households will receive...
by admin | Jan 2, 2020 | Income Tax, Tech News
On or about 2 January 2020, the Inland Revenue Authority of Singapore (IRAS) has updated content on transfer pricing. The IRAS has updated the indicative margin which taxpayers can apply on each related party loan not exceeding S$15 million during the period from 1...
by admin | Jan 2, 2020 | Goods and Services Tax, Tech News
On or about 2 January 2020, the Inland Revenue Authority of Singapore (IRAS) has published the tenth edition of the Assisted Self-Help Kit (ASK) Annual Review Guide. The revised guide incorporates the following amendments: consequential changes for the implementation...
