The MLI entered into force for Singapore

On or about 1 April 2019, amendments were made by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”) to Singapore’s DTAs. Some of DTAs...

Conceptual Framework for Financial Reporting

On or about 14 January 2019, the Accounting Standards Council issued a revised Conceptual Framework for Financial Reporting which is based on the revised Conceptual Framework issued by the International Accounting Standards Board (IASB) in 29 March 2018. For companies...

Amendments to Multilateral Instrument or MLI

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...