by admin | Jul 23, 2026 | Accounting, Auditing, Tech News
The Monetary Authority of Singapore (MAS) has introduced new guidelines setting out its supervisory expectations for the annual audits of licensed payment service providers under the Payment Services Act 2019. The requirements will apply to audits for financial years...
by admin | Jul 22, 2026 | Accounting, Goods and Services Tax, Property Tax, Tech News
Property transactions can create significant GST exposure because errors in classification, timing or input tax recovery are often applied to high-value amounts. Developers, landlords, investors and advisers should address the GST position at the planning and...
by admin | Jul 22, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has updated its transfer pricing guidance to clarify which persons may be treated as related parties and how certain payments should be considered when determining the value of transactions reported in the Related Party...
by admin | Jul 22, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has added Greenland to Singapore’s list of jurisdictions with an effective Country-by-Country Reporting (CbCR) exchange relationship. The relationship applies to financial years beginning on or after 1 May 2024. Impact...
by admin | Jul 20, 2026 | Accounting, Income Tax, Tech News
IRAS has confirmed that partnerships must submit Form P electronically from the Year of Assessment (YA) 2027. Partnerships with more than 10 partners will also be required to complete and upload the Partnership Allocation Template as part of the filing process. Key...
by admin | Jul 19, 2026 | Accounting, Income Tax, Tech News
Companies with significant related party dealings should ensure that their Related Party Transactions Form is completed accurately and submitted together with their corporate income tax return. The reporting requirement applies where the total value of related party...
