by admin | Jul 10, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has updated the explanatory notes for its Foreign Income Tracking Schedule to clarify the supporting-document retention obligations for companies. Records relating to foreign income must generally be kept for five years...
by admin | Jul 6, 2026 | Accounting, Income Tax, Tech News
On 1 July 2026, the Inland Revenue Authority of Singapore (IRAS) updated its published summaries of income tax advance rulings by adding three new corporate tax-related summaries under the category covering matters other than individual income tax. The new summaries...
by admin | Jul 4, 2026 | Accounting, Artificial Intelligence (AI), Tech News
AI-enabled manufacturing is moving from conceptual discussion to practical deployment across production planning, predictive maintenance, quality assurance, robotics, inventory analytics and digital transformation. For businesses, this development is not only an...
by admin | Jul 2, 2026 | Accounting, Tech News
FRS 118, Presentation and Disclosure in Financial Statements, will replace FRS 1 as the primary standard governing the presentation of financial statements. The new standard is aimed at improving comparability, transparency and the overall quality of financial...
by admin | Jul 2, 2026 | Auditing, Tech News
Audit teams should expect going concern assessments to receive closer scrutiny where entities face liquidity pressure, refinancing risk, customer concentration, supply chain disruption, or reliance on shareholder and group support. In the current environment, going...
