by admin | Nov 29, 2024 | Accounting, Income Tax, Tech News
Significant amendments to Singapore’s income tax framework are now law following the Presidential assent of the Income Tax (Amendment) Act 2024 on 8 November 2024. The Act was officially published in the Government Gazette on 27 November 2024. The legislation...
by admin | Nov 29, 2024 | Accounting, Income Tax, Tech News
Singapore has formally enacted the Multinational Enterprise (Minimum Tax) Act 2024, marking a significant step in implementing the global tax agreement targeting large multinational corporations. President Tharman Shanmugaratnam assented to the legislation on 8...
by admin | Nov 25, 2024 | Accounting, Income Tax, Tech News
Qualifying shipping entities (QSEs) operating under key Singapore maritime incentive schemes now have the option to be taxed under a newly introduced Alternative Net Tonnage Tax (NTT) regime. This significant tax policy shift, initially announced in Tax Budget 2024,...
by admin | Nov 23, 2024 | Accounting, Property Tax, Tech News
In a ruling underscoring the strict application of statutory deadlines for property tax appeals, the Valuation Review Board (VRB) has refused to permit a late appeal filed by property owner Andreas Handayanto, dismissing his request for discretionary relief. Case...
by admin | Nov 22, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) today published the Common Reporting Standard Tax Identification Number Guide (CRS TIN Guide) on its official website. This new resource provides critical guidance for Singapore-based financial institutions subject to...
by admin | Nov 21, 2024 | Accounting, Income Tax
The International Sustainability Standards Board (ISSB) has published a significant technical resource aimed at helping entities globally identify and disclose material sustainability-related financial information. The Guide on sustainability risks and material...
