by admin | Jul 27, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has issued a significant proposal to amend IAS 21 The Effects of Changes in Foreign Exchange Rates. The Exposure Draft (ED/2024/4) addresses the translation of financial statements when the presentation currency is...
by admin | Jul 25, 2024 | Accounting, Income Tax, Tech News
The Singapore Accounting Standards Committee (ASC), operating under the Accounting and Corporate Regulatory Authority (ACRA), has formally responded to proposed international accounting rules for renewable electricity contracts, offering conditional support while...
by admin | Jul 25, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has concluded critical technical deliberations on three significant projects, paving the way for new standards implementation and affirming the effectiveness of existing guidance. IFRS for SMEs: Third Edition...
by admin | Jul 24, 2024 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has concluded its Goods and Services Tax (GST) audit activities for the 2022/2023 period, recovering a significant $162 million in outstanding taxes and penalties. The extensive audit programme covered a wide range of...
by admin | Jul 20, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has issued its latest set of routine amendments to International Financial Reporting Standards (IFRS), titled Annual Improvements to IFRS Accounting Standards—Volume 11. Published on 18 July 2024, these narrow-scope...
