by admin | Jun 12, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Ministry of Finance (MOF) has launched a public consultation seeking feedback on two significant tax bills: the draft Multinational Enterprise (Minimum Tax) Bill and the draft Income Tax (Amendment) Bill 2024. The consultation window runs from 10 June 2024 to 5...
by admin | Jun 12, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released a draft technical guide outlining the implementation requirements for mandatory electronic invoice transmission via the InvoiceNow network (GST InvoiceNow Requirement) and is inviting public feedback until...
by admin | Jun 12, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has implemented significant amendments to the Income Tax (Transfer Pricing Documentation) Rules 2018 from 10 June 2024. The changes impact exemption conditions for preparing transfer pricing (TP) documentation,...
by admin | Jun 12, 2024 | Accounting, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced a strategic shift towards enhancing individual income tax compliance through upstream interventions and maximizing voluntary adherence. Updated guidance on the IRAS website outlines a multi-pronged...
by admin | Jun 11, 2024 | Accounting, Income Tax, Tech News
The IFRS Foundation has released a significant update to its website, publishing crucial agendas, meeting papers, summaries, and future planning documents for several key standard-setting and advisory bodies. This comprehensive update provides stakeholders with...
