by admin | Nov 20, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released the 8th edition of the Transfer Pricing Guidelines (TPG), introducing a pilot implementation of the Simplified and Streamlined Approach (SSA) for baseline marketing and distribution activities. The pilot...
by admin | Nov 19, 2025 | Accounting, Auditing, Tech News
The IFRS Foundation has released an updated suite of learning modules for the 2025 version of the IFRS for SMEs Accounting Standard, beginning with the sections that have undergone the most significant revisions. These modules are designed to support preparers,...
by admin | Nov 19, 2025 | Accounting, Auditing, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has refreshed and reorganised its online guidance relating to Goods and Services Tax (GST) on imported goods. The updates consolidate key examples previously embedded in FAQs into the main GST webpages, offering clearer...
by admin | Nov 18, 2025 | Accounting, Auditing, Goods and Services Tax, Tech News
In Part 2 of IRAS GST Essentials series on expense recovery, it examine cases where the recovery of expenses is ancillary to, or constitutes inputs used in, a primary supply of goods or services. This distinction is critical for GST-registered businesses when...
by admin | Nov 17, 2025 | Accounting, Auditing, Company Law, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has issued an important update that impact corporate compliance workflows. Professionals are advised to note the following mandatory updates. 1. Streamlined Entity Incorporation: Single-Filing Mandate for...
by admin | Nov 15, 2025 | Accounting, Auditing, Tech News
The International Accounting Standards Board (IASB) has issued targeted amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates to clarify how entities should translate financial statements from a non-hyperinflationary functional currency into a...
