by admin | Jan 8, 2020 | Goods and Services Tax, Tech News
On or about 8 January 2020, the Inland Revenue Authority of Singapore has updated its webpage regarding GST on imported services. GST is a tax on local consumption. Under the current GST rules, services (other than an exempt supply) supplied by a supplier who belongs...
by admin | Jan 7, 2020 | Goods and Services Tax, Tech News
On or about 7 January 2020, the Inland Revenue Authority of Singapore (IRAS) has updated its website with general tips and instructions on completing GST F5 Return. The instructions for filing GST F5 Returns are as follows: GST F5 Return has fifteen boxes the taxpayer...
by admin | Jan 7, 2020 | Goods and Services Tax, Tech News
On or about 7 January 2020, the Inland Revenue Authority of Singapore (IRAS) has introduced for GST returns ending on or after 1 January 2020 to include two new boxes (Box 14 and Box 15), arise from the implementation of Reverse Charge (RC) and Overseas Vendor...
by admin | Jan 5, 2020 | Accounting, Tech News
On or about 4 December 2019, the Accounting Standards Council (ASC), Singapore, has issued amendments to the FRSs on financial instruments in respect of hedge accounting requirements. The amendments, Amendments to SFRS(I) and FRS Standards: Interest Rate Benchmark...
by admin | Jan 3, 2020 | Ethics, Tech News
On or about 2 January 2020, the Institute of Singapore Chartered Accountants (ISCA) has issued Ethics Pronouncement 100 Implementation Guidance 3 (EP 100 IG 3) to address the concerns that professional accountants may face when adopting the NOCLAR Pronouncements...
