by admin | Jan 11, 2025 | Accounting, Income Tax, Tech News
The International Financial Reporting Standards (IFRS) Foundation has released significant updates across its digital platforms, impacting accounting professionals, standard-setters, and stakeholders globally. Key publications and announcements cover the IFRS for SMEs...
by admin | Jan 3, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has revised the implementation schedule for the spontaneous exchange of information (EOI) on certain cross-border tax rulings, a key commitment under the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project minimum...
by admin | Jan 2, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced the indicative margin for related party loans applicable to transactions occurring during the 2025 calendar year (1 January 2025 to 31 December 2025). The published margin is +170 basis points (1.70%),...
by admin | Dec 31, 2024 | Accounting, Company Law, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has announced continued support for Bizfile users experiencing system-related filing difficulties. In a 27 December 2024 update, the regulator confirmed: Late Penalty Waiver Extension: ACRA will maintain its...
by admin | Dec 31, 2024 | Accounting, Income Tax, Tech News
Singapore has taken a decisive step towards implementing the OECD/G20 global minimum tax framework with the official publication of the Multinational Enterprise (Minimum Tax) Act 2024 and its accompanying subsidiary legislation. Concurrently, the Inland Revenue...
