by admin | Dec 24, 2024 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued updated guidance on the Goods and Services Tax (GST) treatment applicable to leases of bunker tankers, a critical consideration for maritime and bunkering service providers. The clarification distinguishes...
by admin | Dec 23, 2024 | Accounting, Company Law, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has announced immediate relief measures for businesses and corporate service providers experiencing technical difficulties with the newly launched BizFile+ portal. Background: The updated BizFile+ portal,...
by admin | Dec 20, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has finalized targeted amendments to International Financial Reporting Standards (IFRS) to enhance the transparency of financial reporting for companies using weather-dependent electricity contracts, commonly...
by admin | Dec 20, 2024 | Accounting, Income Tax, Tech News
The U.S. Internal Revenue Service (IRS) has expanded temporary compliance relief for financial institutions (FIs) struggling to obtain U.S. Taxpayer Identification Numbers (TINs) under the Foreign Account Tax Compliance Act (FATCA). Notice 2024-78, issued in October...
by admin | Dec 17, 2024 | Accounting, Company Law, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has temporarily disabled its BizFile+ company registry search function following significant public concern over the unannounced display of full National Registration Identity Card (NRIC) numbers in search...
by admin | Dec 17, 2024 | Accounting, Tech News
The IFRS Foundation has published a specialized disclosure tracker to aid implementation of IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’, effective for annual periods beginning on or after 1 January 2027. This new tool provides a...
