by admin | Jun 12, 2024 | Accounting, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced a strategic shift towards enhancing individual income tax compliance through upstream interventions and maximizing voluntary adherence. Updated guidance on the IRAS website outlines a multi-pronged...
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 21, 2024 | Accounting, Employment, Income Tax, Tech News
The Income Tax Board of Review has dismissed an appeal by a medical practitioner (identified as GIP) against the Inland Revenue Authority of Singapore’s (IRAS) application of the general anti-avoidance provision (Section 33 of the Income Tax Act). The ruling...
by admin | Mar 4, 2022 | Employment, Income Tax, Tech News
On or about 3 Mar 2022, the Inland Revenue Authority of Singapore (IRAS) has updates its website contents to tax season 2022 – all you need to know. An individual taxpayer may start filing for the Year of Assessment 2022 from 1 Mar 2022: A filing notification...
by admin | Mar 1, 2022 | Employment, Income Tax, Tech News
On or about 28 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has issued a media release on its website to tax season 2022 – No filing of tax returns for 7 in 10 taxpayers. IRAS reported that 7 in 10 taxpayers (or more than 1.6 million of 2.3 million...
by admin | Feb 28, 2022 | Employment, Income Tax, Tech News
On or about 25 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has published the third edition of the e-Tax Guide on Tax treatment of employee stock options (ESOP) and other forms of Employee share ownership (ESOW) plans. It replaces the second edition...
