by admin | Aug 23, 2025 | Accounting, Goods and Services Tax, Tech News
In a move to enhance clarity and compliance for businesses, the Inland Revenue Authority of Singapore (IRAS) has released an updated version of its official GST F7 Calculator and issued a critical clarification on the term “net GST amount in error.” The...
by admin | Aug 22, 2025 | Accounting, Income Tax, Tech News
In a significant development for multinational enterprises (MNEs) operating in the region, Singapore’s landmark minimum tax legislation has been granted transitional qualified status by the Organisation for Economic Co-operation and Development (OECD). The OECD...
by admin | Aug 21, 2025 | Accounting, Income Tax, Tech News
The accounting and tax sector is facing unprecedented cyber threats, with new data revealing that scam victims in Singapore suffered losses of a staggering S$1.1 billion in 2024—a 70% year-on-year increase. This alarming statistic, from the Singapore Police Force’s...
by admin | Aug 20, 2025 | Accounting, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has announced a significant update to the Singapore Financial Reporting Standard (SFRS) for Small Entities, marking its most substantial overhaul to date. The amendments, published on 18 August 2025, are a...
by admin | Aug 19, 2025 | Accounting, Income Tax, Tech News
In a move designed to lower the compliance burden and promote cost-effective financial reporting, the Accounting Standards Council (ASC) has announced a significant amendment to FRS 119 Subsidiaries and Small Entities without Public Accountability: Disclosures. This...
