by admin | Jun 11, 2026 | Accounting, Artificial Intelligence (AI), Company Law, Data Protection & Cybersecurity, Income Tax, Tech News
Generative AI is increasingly being used in professional services to support research, document review, drafting, summarisation and issue identification. For accounting firms, the opportunity lies in using AI to improve efficiency in audit, tax, compliance and...
by admin | Jun 11, 2026 | Accounting, Income Tax, Tech News
The Expected credit loss (“ECL”) remains a key financial reporting area for Singapore entities applying SFRS(I) 9 Financial Instruments. Although the impairment model has been in place for several reporting cycles, practical application continues to require...
by admin | Jun 11, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore has clarified the conditions and supporting requirements for Singapore tax residents claiming Foreign Tax Credit on overseas income. The guidance is relevant to businesses and individuals seeking relief from double taxation...
by admin | Jun 10, 2026 | Accounting, Company Law, Financial & Estate Planning, Tech News
Key Development Singapore’s revamped Simplified Insolvency Programme 2.0 (“SIP 2.0”) provides eligible small companies with two simplified insolvency pathways: the Simplified Debt Restructuring Programme (“SDRP”) for viable businesses seeking to restructure debts, and...
by admin | Jun 10, 2026 | Accounting, Income Tax, Tech News
Singapore and Tanzania signed an Avoidance of Double Taxation Agreement on 9 June 2026. The agreement is intended to reduce the risk of income being taxed twice and to provide clearer tax treatment for businesses and individuals with cross-border activities between...
by admin | Jun 9, 2026 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore has indicated that GST-registered businesses already on InvoiceNow before 2026 will receive notification of their compulsory GST InvoiceNow implementation date by mid-2026. Businesses that are already GST-registered may also...
