by admin | Jun 26, 2026 | Accounting, Goods and Services Tax, Tech News
GST-registered businesses should review the GST treatment of employee fringe benefits before including input tax claims in their GST returns. While some employee-related costs may support business operations, input tax is not automatically recoverable where the...
by admin | Jun 24, 2026 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore has clarified when GST-registered businesses should claim input tax. The clarification confirms that input tax claims should generally be made in the GST accounting period linked to the date of the tax invoice or import...
by admin | Jun 12, 2026 | Accounting, Goods and Services Tax, Tech News
The digital asset ecosystem continues to develop rapidly, with increasing commercial adoption of cryptocurrencies, stablecoins, crypto exchanges, decentralised platforms, and token-based business models. Businesses are now using digital tokens not only as investment...
by admin | Jun 9, 2026 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore has indicated that GST-registered businesses already on InvoiceNow before 2026 will receive notification of their compulsory GST InvoiceNow implementation date by mid-2026. Businesses that are already GST-registered may also...
by admin | May 20, 2026 | Accounting, Goods and Services Tax, Tech News
GST-registered businesses in Singapore will progressively be required to transmit invoice data to IRAS through InvoiceNow-ready accounting or finance solutions. The obligation will be phased in from 1 November 2025 to 1 April 2031, depending on the business’s GST...
by admin | May 20, 2026 | Accounting, Goods and Services Tax, Income Tax, Tech News
Singapore’s business compliance environment is moving steadily towards digital filing, structured e-invoicing and software-driven automation. This shift means that accounting, payroll and invoicing systems should no longer be viewed only as back-office tools. They are...
