by admin | Feb 28, 2025 | Accounting, Auditing, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has launched a dedicated online Foreign Currency Conversion Calculator to assist taxpayers and practitioners in determining exchange rates for income tax filing purposes. Key Features of the Tool: Data Source &...
by admin | Feb 27, 2025 | Accounting, Auditing, Company Law, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has published a summary detailing the resolution of significant technical issues impacting the filing of Annual Returns via its BizFile+ platform. These fixes address widespread user frustrations encountered...
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 | 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 4, 2024 | Accounting, Auditing, Company Law, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued updated guidance on the tax treatment of interest-free or subsidised loans provided to company directors, effective for Year of Assessment (YA) 2024. Key Change: New Benchmark Interest RateWith effect from 1...
by admin | May 25, 2024 | Accounting, Auditing, Income Tax, Tech News
The International Accounting Standards Board (IASB) has released an exposure draft proposing significant updates to the IFRS Accounting Taxonomy. These amendments are designed to fully incorporate the new presentation and disclosure mandates established by IFRS 18...
