by admin | May 23, 2025 | Accounting, Auditing, Goods and Services Tax, Income Tax, Tech News
Singapore High Court’s pivotal decision in Changi Airport Group (Singapore) Pte Ltd v Comptroller of Income Tax [2024] SGHC 281 (“CAG”) has established critical distinctions for capital allowance claims under the Income Tax Act (ITA), reshaping asset...
by admin | May 14, 2025 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a reminder to Goods and Services Tax (GST)-registered businesses regarding common errors identified during its audit programme, particularly targeting entities with low-value GST refund claims. A key...
by admin | Apr 30, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a GST Advance Ruling Summary No. 1/2025, clarifying the Goods and Services Tax (GST) treatment for dedicated IP transit services supplied internationally by a Singapore-based Internet Service Provider (ISP)....
by admin | Apr 3, 2025 | Accounting, Goods and Services Tax, Tech News
New data released by the Inland Revenue Authority of Singapore (IRAS) indicates sustained adoption and high retention rates for the Assisted Compliance Assurance Programme (ACAP). According to statistics published on the IRAS website on 1 April 2025: Cumulative...
by admin | Apr 2, 2025 | Accounting, Goods and Services Tax, Tech News
Significant procedural changes for appealing Goods and Services Tax (GST) decisions to the Board of Review (the Board) took effect from 1 April 2025. are now in force. MOF has announced on amendments to the Goods and Services Tax (Appeals Procedure for Board of...
by admin | Mar 11, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has formalised requirements for GST-registered businesses to adopt the nationwide InvoiceNow (Peppol) network for transmitting invoice data. On 7 March 2025, IRAS published the definitive e-Tax Guide “GST:...
