by admin | Jul 10, 2024 | Accounting, Auditing, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has formalized disclosure requirements for public accountants and accounting firms concerning specific regulatory actions. Practice Direction No. 1 of 2024, issued on 9 July 2024, establishes a clear policy...
by admin | Jul 6, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) announced the completion of its Post-implementation Review (PIR) concerning the impairment requirements within IFRS 9 / SFRS(I) 9 Financial Instruments. The review assessed whether the practical application of these...
by admin | Jul 2, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) today announced the commencement of electronic filing services for corporate income tax returns for the Year of Assessment (YA) 2024. Businesses can now submit Form C, Form C-S, and Form C-S (Lite) via the myTax Portal...
by admin | Jun 26, 2024 | Accounting, Auditing, Company Law, Ethics, Income Tax, Tech News
The Singapore government has released its comprehensive Money Laundering National Risk Assessment (NRA) Report 2024, offering a detailed analysis of current and emerging money laundering (ML) threats and vulnerabilities across the nation’s financial and business...
by admin | Jun 26, 2024 | Accounting, Income Tax, Tech News
The International Sustainability Standards Board (ISSB) is taking significant steps to standardize how companies worldwide disclose their strategies for transitioning to a lower-carbon economy. This initiative aims to combat market fragmentation and enhance the...
by admin | Jun 26, 2024 | Accounting, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has formally issued the annual Section 68(2) Notice to Employers for the year 2024. Published in the Government Gazette on 21 June 2024, the notice mandates all employers operating in Singapore, including non-resident...
