by admin | Nov 13, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has published an Exposure Draft (ED/2024/5), Targeted Improvements to the Requirements for Provisions, Contingent Liabilities and Contingent Assets, initiating a consultation to enhance the recognition and...
by admin | Nov 8, 2024 | Accounting, Income Tax, Tech News
Group companies must prioritize Operational Transfer Pricing (OTP) to effectively implement transfer pricing (TP) policies, ensure financial statement accuracy, and withstand increasing global tax scrutiny, emphasized industry leaders at a recent Singapore Chartered...
by admin | Nov 6, 2024 | Accounting, Income Tax, Tech News
In a significant ruling impacting airport operators and tax treatment of infrastructure assets, the Singapore High Court has determined that runways, taxiways, and aprons (RTA) constitute “structures” for income tax purposes, not “plant.” This...
by admin | Nov 5, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has launched a critical stakeholder survey as part of its comprehensive review of accounting standards for intangible assets. Investors, companies, auditors, and other interested parties are urged to participate....
by admin | Nov 4, 2024 | Accounting, Income Tax, Tech News
The IFRS Foundation has published a significant batch of new technical content and meeting materials across its key standard-setting boards and advisory bodies. These updates, crucial for accounting professionals, regulators, and stakeholders in global financial...
