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ISSB Releases Technical Guide on Identifying Material Sustainability Disclosures for Investors

by admin | Nov 21, 2024 | Accounting, Income Tax

The International Sustainability Standards Board (ISSB) has published a significant technical resource aimed at helping entities globally identify and disclose material sustainability-related financial information. The Guide on sustainability risks and material...

IRAS Finalises InvoiceNow Requirements for GST Businesses

by admin | Nov 20, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News

The Inland Revenue Authority of Singapore (IRAS) has published its responses to public feedback on the draft e-Tax Guide outlining the mandatory adoption of InvoiceNow for Goods and Services Tax (GST)-registered businesses. This release clarifies key operational and...

ASC Feedback on IFRS 19 Streamlining, Advocates Clarity on Key Disclosures

by admin | Nov 19, 2024 | Accounting, Income Tax, Tech News

The Singapore Accounting Standards Committee (ASC) has publicly responded to the International Accounting Standards Board’s (IASB) July 2024 Exposure Draft proposing amendments to IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’. The...

ASC Endorses IASB Climate Disclosure Guidance, Calls for SME Adaptation

by admin | Nov 19, 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 the International Accounting Standards Board’s (IASB) proposed guidance on disclosing climate-related and...

Second Reading of The Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill 2024

by admin | Nov 14, 2024 | Accounting, Income Tax, Tech News

The Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill 2024 (Bill 41/2024) cleared its second parliamentary reading on 11 November 2024, marking a significant step toward modernizing Singapore’s investment and tax relief framework under the...
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