by admin | Nov 22, 2021 | Accounting, Tech News
On or about 19 Nov 2021, the International Accounting Standards Board (IASB) has released for comments proposed amendments to IAS 1 Presentation of Financial Statements to improve the disclosure of information about a company’s long-term debts with covenants. IAS 1...
by admin | Aug 12, 2021 | Accounting, Income Tax, Tech News
On or about 10 Aug 2021, the Ministry of Finance (MOF) has released the Inland Revenue Authority of Singapore (Assignment of Functions) (No. 2) Notification 2021 that comes into operation on 6 August 2021. From 6 August 2021, the Inland Revenue Authority of Singapore...
by admin | Aug 6, 2021 | Accounting, Income Tax, Tech News
On or about 28 May 2021, the Minister for Finance (MOF) announced the RSS to support businesses with rental costs, as part of a package of support measures to help businesses tide over restrictions under Phase 2 (Heightened Alert) from 16 May to 13 June 2021. Small...
by admin | Aug 2, 2021 | Accounting, Income Tax, Tech News
On or about 30 Jul 2021, the Inland Revenue Authority of Singapore (IRAS) has updated the website content on Dormant Companies. A dormant company is one that does not carry on business and has no income for the whole of the basis period. From YA 2020, a dormant...
by admin | Jul 28, 2021 | Accounting, Income Tax, Tech News
On or about 28 Jul 2021, the Inland Revenue Authority of Singapore (IRAS) has updated the content on Companies Applying for Strike off/ to Cease Registration. A company may apply to the Accounting and Corporate Regulatory Authority (ACRA) to strike its name off the...
by admin | May 10, 2021 | Accounting, Tech News
On or about 7 May 2021, the International Accounting Standards Board (IASB) has issued targeted amendments to IAS 12, the IFRS Standard on income taxes, to clarify how companies should account for deferred tax on leases and decommissioning obligations. IAS 12 Income...
