by admin | Apr 10, 2025 | Accounting, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued an Advance Ruling (Individual Income Tax) Summary No. 3/2025, clarifying the tax treatment of contingent consideration paid to founding shareholders as part of a company acquisition. The ruling determines...
by admin | Apr 9, 2025 | Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has clarified significant tax changes affecting individuals, including revised relief structures, stock-based remuneration rules, and guidelines for gig economy/hobby income. These updates, effective from Year of...
by admin | Apr 8, 2025 | Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a key Advance Ruling (Individual Income Tax) Summary No. 2/2025, clarifying the taxation of benefits received by Singapore-based employees subscribing to shares in an overseas fund operated by their foreign...
by admin | Feb 12, 2025 | Accounting, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a critical reminder to employers regarding the upcoming deadline for submitting employment income information under the Auto-Inclusion Scheme (AIS) for Year of Assessment 2025 (income earned in 2024)....
by admin | Oct 14, 2024 | Accounting, Employment, Income Tax, Tech News
Significant changes to the tax treatment of platform workers are imminent following the assent of the Platform Workers Act 2024 on 30 September 2024. The Act amends the Income Tax Act 1947 and establishes a new employment classification for platform workers, situated...
by admin | Jun 26, 2024 | Accounting, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has formally issued the annual Section 68(2) Notice to Employers for the year 2024. Published in the Government Gazette on 21 June 2024, the notice mandates all employers operating in Singapore, including non-resident...
