by admin | Dec 3, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Singapore Ministry of Finance (MOF) has formally initiated its annual pre-budget consultation process, calling on stakeholders to submit proposals for the upcoming Budget 2025. With the Budget scheduled for presentation to Parliament in February 2025, the MOF is...
by admin | Dec 2, 2024 | Accounting, Income Tax, Tech News
Singapore and New Zealand have formalized a key mechanism for resolving tax treaty disputes through arbitration. The two nations signed a Memorandum of Arrangement (Arrangement) on 18 and 21 November 2024, detailing the implementation of mandatory binding arbitration...
by admin | Nov 30, 2024 | Accounting, Income Tax, Tech News
The IFRS Foundation has announced significant updates to its website, providing essential resources for accounting professionals, regulators, and stakeholders focused on global financial and sustainability reporting standards. The latest additions encompass new...
by admin | Nov 29, 2024 | Accounting, Income Tax, Tech News
In a significant move towards enhanced tax transparency for crypto assets, Singapore has formally signed two key international agreements administered by the Organisation for Economic Co-operation and Development (OECD). The Inland Revenue Authority of Singapore...
by admin | Nov 29, 2024 | Accounting, Income Tax, Tech News
Significant amendments to Singapore’s income tax framework are now law following the Presidential assent of the Income Tax (Amendment) Act 2024 on 8 November 2024. The Act was officially published in the Government Gazette on 27 November 2024. The legislation...
