by admin | Feb 5, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released the definitive list of Reportable Jurisdictions for Calendar Year 2024 under the Common Reporting Standard (CRS) framework. Reporting Singaporean Financial Institutions (FIs) must submit financial account...
by admin | Feb 4, 2025 | Accounting, Company Law, Income Tax, Tech News
The IFRS Foundation has released a new implementation guide designed to assist companies in applying the International Sustainability Standards Board (ISSB) standards when reporting solely on climate-related information. The guide specifically addresses the correct...
by admin | Jan 21, 2025 | Accounting, Company Law, Income Tax, Tech News
The Accounting Standards Committee (ASC), operating under the Accounting and Corporate Regulatory Authority (ACRA), has publicly endorsed key aspects of the International Accounting Standards Board’s (IASB) proposed update to equity method accounting. The...
by admin | Jan 17, 2025 | Accounting, Company Law, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has formally issued the 2025 volume of the Singapore Financial Reporting Standards (International) [SFRS(I)s]. This edition is mandatory for annual reporting periods commencing on or after 1 January 2025. The...
by admin | Jan 16, 2025 | Accounting, Income Tax, Tech News
Singapore has ushered in significant tax changes effective 2025, implementing key aspects of the global BEPS 2.0 framework while introducing new domestic incentives and enhancing existing deductions. These reforms aim to maintain the nation’s competitiveness...
