by admin | Nov 28, 2019 | Accounting, Tech News
On or about 28 November 2019, the Accounting Standards Council (ASC) has submitted its comment on ED/2019/6 Disclosure of Accounting Policies (Proposed amendments to IAS 1 and IFRS Practice Statement 2) to IASB. ASC is in supportive of the IASB’s decisions to apply...
by admin | Nov 13, 2019 | Accounting, Income Tax, Tech News
On or about 13 November 2019, the Inland Revenue Authority of Singapore (IRAS) has updated the content on adopting financial reporting standard (FRS) 39 and 109 and its tax implications. Effective 1 January 2005, companies are required to comply with FRS 39 –...
by admin | Oct 14, 2019 | Accounting, Tech News
On or about 14 October 2019, the Accounting Standards Council (ASC) has submitted its comment to the SME Implementation Group (SMEIG) on Draft Q&A Section 35, Issue 1 on Application of the undue cost or effort exemption for investment property on transition to the...
by admin | Oct 2, 2019 | Accounting, Tech News
On or about 2 October 2019, the Accounting Standards Council (ASC)_ has submitted its comment on ED/2019/5 Amendments to IFRS 17 to the IASB. The ASC are generally supportive of the proposed amendments, subject to their comments as stated in the comment letter. The...
by admin | Sep 26, 2019 | Accounting, Tech News
On or about 26 September 2019, the International Accounting Standards Board (IASB) has amended some of its requirements for hedge accounting. The amendments are designed to support the provision of useful financial information by companies during the period of...
by admin | Sep 23, 2019 | Accounting, Goods and Services Tax, Tech News
On or about 23 September 2019, the Inland Revenue Authority of Singapore (IRAS) has released the fifth edition of the e-Tax Guide GST: Concession for REITs and Qualifying Registered Business Trusts Listed in Singapore. The revised e-Tax Guide incorporates editorial...
