by admin | Nov 22, 2017 | Income Tax, Tech News
FRS 109 Financial Instruments will apply to entities for annual periods beginning on or after 1 January 2018. On or about 22 November 2017, the Inland Revenue Authority of Singapore (IRAS) has published an e-Tax Guide which provides guidance on the tax treatment for...
by admin | Nov 4, 2017 | Income Tax, Tech News
The following are some highlights of the recent update under the Income Tax (Amendment) Act 2017 that published in the Government Gazette (electronic edition) on 26 October 2017. Personal taxation All individual tax residents will receive a personal income tax rebate...
by admin | Oct 31, 2017 | Accounting, Tech News
Step 3 Determine transaction price 7.1 The transaction price is the amount of consideration to which an entity expects to receive in exchange for transferring promised goods or services to a customer. It excludes amounts collected on behalf of third parties (e.g....
by admin | Oct 30, 2017 | Income Tax, Tech News
The Income Tax (Amendment) Bill 2017 (the Bill) was first introduced in Parliament on 11 September 2017. It was read for the second time and passed in Parliament on 2 October 2017, and Gazetted (electronic edition) on 26 October 2017. The Income Tax (Amendment) Act...
by admin | Oct 28, 2017 | Goods and Services Tax, Tech News
The third edition of the IRAS e-Tax Guide on GST: Clarification on “Directly in Connection With” and “Directly Benefit” (Third edition) was published on 26 October 2017. It provides guidance on the interpretation and application of the two...
