by admin | Aug 2, 2021 | Accounting, Income Tax, Tech News
On or about 30 Jul 2021, the Inland Revenue Authority of Singapore (IRAS) has updated the website content on Dormant Companies. A dormant company is one that does not carry on business and has no income for the whole of the basis period. From YA 2020, a dormant...
by admin | Jul 28, 2021 | Accounting, Income Tax, Tech News
On or about 28 Jul 2021, the Inland Revenue Authority of Singapore (IRAS) has updated the content on Companies Applying for Strike off/ to Cease Registration. A company may apply to the Accounting and Corporate Regulatory Authority (ACRA) to strike its name off the...
by admin | May 10, 2021 | Accounting, Tech News
On or about 7 May 2021, the International Accounting Standards Board (IASB) has issued targeted amendments to IAS 12, the IFRS Standard on income taxes, to clarify how companies should account for deferred tax on leases and decommissioning obligations. IAS 12 Income...
by admin | Apr 6, 2021 | Accounting, Tech News
On or about 31 March 2021, the International Accounting Standards Board (IASB) has extended by one year the application period of the practical expedient in IFRS 16 Leases to help lessees accounting for COVID-19-related rent concessions that reduce lease payments due...
by admin | Feb 16, 2021 | Accounting, Tech News
On or about 15 February 2021, the IFRS Foundation announced that it will hold a live webinar on the International Accounting Standards Board’s (IASB) consultation on regulatory assets and regulatory liabilities. The webinar is scheduled to held on Wednesday 24...
by admin | Feb 13, 2021 | Accounting, Tech News
On or about 12 February 2021, the agenda papers and the agenda for the IFRS Advisory Council meeting to be held on 23 February 2021 were made available by IFRS. The topics to be discussed are: Update on the International Accounting Standards Board’s work...
