by admin | Dec 28, 2024 | Accounting, Income Tax, Tech News
The Ministry of Finance (MOF) has officially announced the delivery date for Singapore’s highly anticipated Fiscal Year 2025 (FY2025) Budget Statement. Prime Minister and Minister for Finance, Mr. Lawrence Wong, will present the FY2025 Budget Statement to...
by admin | Dec 24, 2024 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued updated guidance on the Goods and Services Tax (GST) treatment applicable to leases of bunker tankers, a critical consideration for maritime and bunkering service providers. The clarification distinguishes...
by admin | Dec 23, 2024 | Accounting, Company Law, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has announced immediate relief measures for businesses and corporate service providers experiencing technical difficulties with the newly launched BizFile+ portal. Background: The updated BizFile+ portal,...
by admin | Dec 20, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has finalized targeted amendments to International Financial Reporting Standards (IFRS) to enhance the transparency of financial reporting for companies using weather-dependent electricity contracts, commonly...
by admin | Dec 20, 2024 | Accounting, Income Tax, Tech News
The U.S. Internal Revenue Service (IRS) has expanded temporary compliance relief for financial institutions (FIs) struggling to obtain U.S. Taxpayer Identification Numbers (TINs) under the Foreign Account Tax Compliance Act (FATCA). Notice 2024-78, issued in October...
