by admin | Jun 8, 2026 | Accounting, Income Tax, Tech News
IRAS has released new guidance addressing registration requirements for multinational enterprise groups subject to Singapore’s Pillar Two top-up tax regime. The FAQ covers registration for the multinational enterprise top-up tax, domestic top-up tax, and related GloBE...
by admin | Jun 3, 2026 | Accounting, Income Tax, Tech News
Singapore’s Global Minimum Tax framework is now a live compliance issue for in-scope multinational enterprise groups. With the Multinational Enterprise (Minimum Tax) Act 2024 taking effect for financial years beginning on or after 1 January 2025, affected groups...
by admin | May 27, 2026 | Accounting, Income Tax, Tech News
The International Accounting Standards Board has released IFRS 20, a new standard addressing financial reporting by entities operating under certain forms of rate regulation. The standard is effective for annual reporting periods beginning on or after 1 January 2029,...
by admin | May 27, 2026 | Accounting, Artificial Intelligence (AI), Auditing, Tech News
Background A mid-sized accounting and audit firm, Lim & Partners Advisory (invented firm name) had been serving small and medium-sized enterprises for more than 15 years. The firm provided statutory audit, tax compliance, accounting, payroll, and advisory...
by admin | May 23, 2026 | Accounting, Artificial Intelligence (AI), News, Sustainability Reporting
The Accounting and Corporate Regulatory Authority (ACRA) has launched a refreshed Skills Framework for Accountancy, marking a significant update to Singapore’s accountancy talent roadmap as artificial intelligence, automation, data analytics, and sustainability...
by admin | May 20, 2026 | Accounting, Goods and Services Tax, Tech News
GST-registered businesses in Singapore will progressively be required to transmit invoice data to IRAS through InvoiceNow-ready accounting or finance solutions. The obligation will be phased in from 1 November 2025 to 1 April 2031, depending on the business’s GST...
