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...
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...
