by admin | Dec 23, 2025 | Accounting, Employment, Income Tax, Tech News
A recent decision by the Singapore Income Tax Board of Review (UZF & Anor v Comptroller of Income Tax [2025] SGITBR 4) provides critical guidance on characterizing payments to key personnel in a company sale. The Board ruled that post-sale “Annual Additional...
by admin | Nov 4, 2025 | Accounting, Employment, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has updated its administrative guidance on the GST treatment of fringe benefits, specifically in relation to used uniforms, protective clothing, work-related supplies, and input tax claims on overseas vendor (OVR)...
by admin | Oct 28, 2025 | Accounting, Employment, Income Tax, Tech News
A 27-year-old businesswoman engaged in product distribution and sales has been formally charged in court (24 October 2025) for filing false individual income tax returns for YA 2021 and YA 2022 and submitting falsified supporting documents to the Comptroller of Income...
by admin | Oct 24, 2025 | Accounting, Employment, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has updated its public guidance on deductible and non-deductible business expenses for corporate taxpayers. The new examples provide additional clarity for companies preparing their tax computations and assessing...
by admin | Oct 22, 2025 | Accounting, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released a new e-Tax Guide, Submit Self-Employment Income by Commission-Paying Organisations, outlining expanded reporting obligations for entities that pay commissions to self-employed individuals. The guidance...
by admin | Oct 2, 2025 | Accounting, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued definitive guidance on the upcoming legislative enhancements to the tax deduction scheme for Employee Equity-Based Remuneration (EEBR). Effective from the Year of Assessment (YA) 2026, these changes aim to...
