by admin | Jul 10, 2025 | Accounting, Income Tax, Tech News
The IFRS Foundation has significantly enhanced its educational support for the IFRS for SMEs Accounting Standard by releasing dedicated learning modules structured around each section of the standard. These modules are currently undergoing updates to reflect the...
by admin | Jul 8, 2025 | Accounting, Property Tax, Tech News
The Ministry of Finance (MOF) announced significant changes to the Seller’s Stamp Duty (SSD) regime for residential properties on 3 July 2025. The amendments took effect on or after 4 July 2025, 12:00am, aim to cool speculative activity in the residential market...
by admin | Jul 5, 2025 | Accounting, Income Tax, Tech News
The International Sustainability Standards Board (ISSB) has published two pivotal draft proposals outlining significant revisions to the SASB Standards and consequential updates to the implementation guidance for IFRS S2 Climate-related Disclosures. This marks a...
by admin | Jul 4, 2025 | Accounting, Goods and Services Tax, Tech News
Singapore’s list of non-taxable public agency supplies has been formally expanded under the Goods and Services Tax (Non-taxable Public Agency Supplies) (Amendment No. 2) Order 2025, effective 30 June and 1 July 2025. The amendment modifies the principal 2024 Order,...
by admin | Jul 3, 2025 | Accounting, Goods and Services Tax, Tech News
In a move to streamline compliance for businesses, the Inland Revenue Authority of Singapore (IRAS) has eliminated the mandatory approval process for adopting the Gross Margin Scheme (GMS). This significant regulatory change took effect on 1 July 2025. Key Change:...
by admin | Jul 3, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has updated its administrative concession governing input tax claims on fringe benefits, specifically addressing scenarios involving overseas suppliers. The changes, effective 1 July 2025, are detailed in the revised...
