by admin | Jun 30, 2026 | Accounting, Financial & Estate Planning, Income Tax, Tech News
The Inland Revenue Authority of Singapore will implement a new tax reference number format for Estates, Trusts and Unit Trusts from July 2026. The existing 10-character Income Tax Reference ID will be replaced by a 9-character ASGD ID in the format AXXXXXXXX. Key...
by admin | Jun 29, 2026 | Accounting, Income Tax, Tech News
IRAS has released a new form allowing the appointment of a Corppass Administrator for multiple estate, trust or unit trust entities. The appointed individual will be authorised to transact with IRAS on behalf of those entities, supporting more centralised digital tax...
by admin | Jun 27, 2026 | Accounting, Tech News
The International Accounting Standards Board has issued targeted amendments to IAS 28 to clarify when investments in associates and joint ventures may be accounted for using the fair value option. The amendments are linked to the forthcoming application of IFRS 18 and...
by admin | Jun 26, 2026 | Accounting, Goods and Services Tax, Tech News
GST-registered businesses should review the GST treatment of employee fringe benefits before including input tax claims in their GST returns. While some employee-related costs may support business operations, input tax is not automatically recoverable where the...
by admin | Jun 26, 2026 | Accounting, Tech News
Revenue recognition remains one of the most judgemental areas in financial reporting. Although IFRS 15 Revenue from Contracts with Customers has been effective for several years, practical application continues to require careful analysis of contract terms, commercial...
by admin | Jun 24, 2026 | Accounting, News, Tech News
ACCA is redesigning its qualification, with the new structure being introduced from 2027. Staff currently studying ACCA should take note of the key changes and continue progressing under the existing route until the transition takes effect. New Qualification Structure...
