by admin | Sep 8, 2025 | Accounting, Tech News
The Accounting Standards Committee (ASC), under the Accounting and Corporate Regulatory Authority (ACRA), has finalised significant amendments to FRS 119 Subsidiaries and Small Entities without Public Accountability: Disclosures. The revised Standard, issued in August...
by admin | Sep 5, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued updated guidance clarifying that certain cash rebates received from suppliers are subject to GST. The authority asserts that such rebates are not mere discounts but constitute consideration for a separate...
by admin | Sep 3, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) published significant updates on 2 September 2025 to its e-Tax guide, “Conditions for Claiming Input Tax.” This release provides critical clarifications on the deductibility of Input GST for a range of...
by admin | Sep 3, 2025 | Accounting, Income Tax, Tech News
The Income Tax (Refundable Investment Credits) Regulations 2025 were formally gazetted on 1 September 2025 and are now in effect. This provides the critical operational and computational framework for the new Refundable Investment Credit (RIC) regime, as previously...
by admin | Sep 3, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released an updated and detailed directory of recognised Centres of Innovation (COIs). This list is critical for accountants and tax advisors assisting clients with compliance under the Enterprise Innovation Scheme...
