by admin | Apr 11, 2025 | Accounting, Income Tax, Tech News
The Land Intensification Allowance (LIA) scheme for Singapore’s Built Environment sector will be expanded to include qualifying multi-storey Design for Manufacturing and Assembly (DfMA) facilities, effective from 1 January 2026 until 31 December 2030. The announcement...
by admin | Apr 10, 2025 | Accounting, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued an Advance Ruling (Individual Income Tax) Summary No. 3/2025, clarifying the tax treatment of contingent consideration paid to founding shareholders as part of a company acquisition. The ruling determines...
by admin | Apr 8, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a significant Advance Ruling (Individual Income Tax) Summary No. 1/2025, clarifying the tax treatment of lump-sum settlements received by individuals upon the termination of earnout arrangements linked to...
by admin | Apr 3, 2025 | Accounting, Goods and Services Tax, Tech News
New data released by the Inland Revenue Authority of Singapore (IRAS) indicates sustained adoption and high retention rates for the Assisted Compliance Assurance Programme (ACAP). According to statistics published on the IRAS website on 1 April 2025: Cumulative...
by admin | Apr 2, 2025 | Accounting, Goods and Services Tax, Tech News
Significant procedural changes for appealing Goods and Services Tax (GST) decisions to the Board of Review (the Board) took effect from 1 April 2025. are now in force. MOF has announced on amendments to the Goods and Services Tax (Appeals Procedure for Board of...
by admin | Apr 2, 2025 | Accounting, Income Tax, Tech News
Significant procedural changes for filing appeals with the Income Tax Board of Review (ITBR) take effect from 1 April 2025. Amendments to the Income Tax (Appeals Procedure for Board of Review) Regulations 2023 now mandate electronic submission of the initial appeal...
