by admin | Aug 1, 2019 | Accounting, Tech News
On or about 1 August 2019, the International Accounting Standards Board (IASB) has proposed amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements to assist companies in providing accounting policy...
by admin | Aug 1, 2019 | Income Tax, Tech News
Singapore has participated in the negotiation of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”). The MLI is intended to allow jurisdictions...
by admin | Jul 31, 2019 | Property Tax, Tech News
Property agents notice the uptick by Singapore wealthy families buying apartments for their children who are old enough to own property in order to work around cooling measures. Some rich families are also setting up trust accounts in their children below 21 in their...
by admin | Jul 29, 2019 | Goods and Services Tax, Tech News
On or about 29 July 2019, the Inland Revenue Authority of Singapore (IRAS) has published the eighth edition of the e-Tax guide, GST: Assisted Self-Help Kit (ASK)Annual Review Guide. It replaces the seventh edition published on 3 January 2019. This e-Tax Guide explains...
by admin | Jul 29, 2019 | Accounting, Income Tax, Tech News
On or about 29 July 2019, the Inland Revenue Authority of Singapore (IRAS) has published a new Common Reporting Standard (CRS) compliance section on their website stating that Financial Institutions (FIs) must comply with the CRS Regulations in Singapore. Reporting...
