by admin | Apr 4, 2026 | Accounting, Employment, Income Tax, Tech News
This technical note consolidates the key personal tax reliefs available to Singapore tax residents for Year of Assessment 2026. The reliefs are categorized into three groups: (i) manually claimable reliefs, (ii) automatic reliefs, and (iii) voluntary...
by admin | Apr 4, 2026 | Accounting, Employment, Income Tax, Tech News
Recent internal technical training reviewed the critical distinction between tax reliefs and tax deductions. While reliefs provide a baseline reduction to chargeable income, deductions offer a significantly larger avenue for tax savings, particularly for individuals...
by admin | Feb 12, 2026 | Accounting, Artificial Intelligence (AI), Employment, Tech News
1. CPF Changes in 2026 – Key Updates and Preparations Effective from 1 January 2026, the Central Provident Fund (CPF) contribution framework has introduced two significant changes that affect payroll computation for employers. a) Ordinary Wage Ceiling Increase The CPF...
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...
