by admin | Dec 4, 2024 | Accounting, Income Tax, Tech News
In a significant clarification for debt markets, the Inland Revenue Authority of Singapore (IRAS) has issued an Advance Ruling Summary No. 9/2024, determining that specific fees paid during tender offers qualify for tax exemptions under the Qualifying Debt Securities...
by admin | Dec 4, 2024 | Accounting, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has issued a significant Advance Ruling Summary No. 8/2024, clarifying the conditions for tax exemption under Section 13W of the Income Tax Act 1947 (ITA) concerning gains from share disposals. This ruling provides...
by admin | Dec 3, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Singapore Ministry of Finance (MOF) has formally initiated its annual pre-budget consultation process, calling on stakeholders to submit proposals for the upcoming Budget 2025. With the Budget scheduled for presentation to Parliament in February 2025, the MOF is...
by admin | Dec 2, 2024 | Accounting, Income Tax, Tech News
Singapore and New Zealand have formalized a key mechanism for resolving tax treaty disputes through arbitration. The two nations signed a Memorandum of Arrangement (Arrangement) on 18 and 21 November 2024, detailing the implementation of mandatory binding arbitration...
by admin | Nov 30, 2024 | Accounting, Income Tax, Tech News
The IFRS Foundation has announced significant updates to its website, providing essential resources for accounting professionals, regulators, and stakeholders focused on global financial and sustainability reporting standards. The latest additions encompass new...
by admin | Nov 29, 2024 | Accounting, Income Tax, Tech News
In a significant move towards enhanced tax transparency for crypto assets, Singapore has formally signed two key international agreements administered by the Organisation for Economic Co-operation and Development (OECD). The Inland Revenue Authority of Singapore...
