by admin | May 13, 2026 | Accounting, Income Tax, Tech News
Singapore and Bhutan signed a new Double Tax Agreement on 12 May 2026 covering taxes on income. The agreement is not yet effective and will take effect only after both jurisdictions complete their ratification procedures. Key tax and business impacts The DTA is...
by admin | May 12, 2026 | Accounting, Income Tax, Tech News
The International Accounting Standards Board has proposed a narrow amendment to the IFRS for SMEs Accounting Standard that would extend consolidation relief to certain intermediate parent entities. The change is intended to reduce reporting costs for eligible SMEs...
by admin | May 11, 2026 | Accounting, Income Tax, News, Tech News
For many SMEs, value is already present in the business but not yet fully visible to banks, investors, buyers, succession stakeholders or strategic partners. The issue is often not a lack of ambition, growth potential or operating capability. The gap lies in whether...
by admin | May 11, 2026 | Accounting, Income Tax, Tech News
Registration has commenced for multinational enterprise groups that fall within the scope of Singapore’s Multinational Enterprise (Minimum Tax) Act 2024. In-scope groups must register online through the IRAS form, which is to be submitted by the ultimate parent entity...
by admin | May 8, 2026 | Accounting, Goods and Services Tax, Tech News
In GIY v The Comptroller of Goods and Services Tax [2026] SGGST 1, the GST Board of Review upheld the Comptroller’s decision to disallow approximately S$2.4 million of input tax claims. Although the taxpayer showed that some goods were exported, it did not establish...
by admin | May 6, 2026 | Accounting, Company Law, Ethics, News, Tech News
Personal Criminal Liability Extends to Company Secretaries and Operational Managers Recent enforcement actions confirm that anti-money laundering (AML) accountability no longer rests exclusively on nominee directors. Company secretaries may face prosecution,...
