by admin | Apr 2, 2025 | Accounting, Goods and Services Tax, Tech News
Significant procedural changes for appealing Goods and Services Tax (GST) decisions to the Board of Review (the Board) took effect from 1 April 2025. are now in force. MOF has announced on amendments to the Goods and Services Tax (Appeals Procedure for Board of...
by admin | Apr 2, 2025 | Accounting, Income Tax, Tech News
Significant procedural changes for filing appeals with the Income Tax Board of Review (ITBR) take effect from 1 April 2025. Amendments to the Income Tax (Appeals Procedure for Board of Review) Regulations 2023 now mandate electronic submission of the initial appeal...
by admin | Mar 11, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has formalised requirements for GST-registered businesses to adopt the nationwide InvoiceNow (Peppol) network for transmitting invoice data. On 7 March 2025, IRAS published the definitive e-Tax Guide “GST:...
by admin | Mar 6, 2025 | Accounting, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has issued an Advance Ruling Summary No. 2/2025, clarifing that gains realized by a fund manager from redeeming units in a feeder fund qualify as capital receipts and are not subject to income tax. Key Details of the Ruling...
by admin | Mar 5, 2025 | Accounting, Goods and Services Tax, Tech News
Businesses required to register for Goods and Services Tax (GST) on a prospective basis will benefit from a newly announced 2-month grace period before mandatory GST charging commences. The measure, announced by the Second Minister for Finance on 28 February 2025,...
