by admin | Oct 11, 2017 | Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has clarified where the Singapore branch of a foreign company ceases to have a place of business or to carry on business in Singapore, it must inform IRAS in writing. Section 377(1) of the Singapore Companies Act...
by admin | Oct 11, 2017 | Income Tax, Tech News
Foreign income earned by a Singapore resident company may subject to tax twice. Foreign Tax Credit (FTC) in the forms of a Double Tax Relief (DTR) or an Unilateral Tax Credit (UTR) provide Singapore resident company ways to avoid paying twice the tax on the same...
by admin | Oct 9, 2017 | Accounting, Tech News
The International Financial Reporting Standard (IFRS) has published a case study report called Better Communication in Financial Reporting — Making disclosures more meaningful that illustrates how companies from different parts of the world have improved communication...
by admin | Oct 8, 2017 | Accounting, Tech News
In response to new and revised auditor reporting standards that came into effect at the end of 2016, companies have stepped up their corporate disclosures. Auditor’s reports now contain more insightful information in the form of key audit matters (KAMs). The enhanced...
by admin | Oct 7, 2017 | Accounting, Tech News
IFRS 16 Leases was issued by the International Accounting Standards Board (IASB) on 13 January 2016 and has a mandatory effective date of 1 January 2019. The IASB staff have recorded a webcast discussing the lease term requirements in IFRS 16 Leases. In the webcast,...
