by admin | Dec 3, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Singapore Ministry of Finance (MOF) has formally initiated its annual pre-budget consultation process, calling on stakeholders to submit proposals for the upcoming Budget 2025. With the Budget scheduled for presentation to Parliament in February 2025, the MOF is...
by admin | Nov 20, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has published its responses to public feedback on the draft e-Tax Guide outlining the mandatory adoption of InvoiceNow for Goods and Services Tax (GST)-registered businesses. This release clarifies key operational and...
by admin | Oct 29, 2024 | Accounting, Goods and Services Tax, Tech News
The Ministry of Finance (MOF) has formally responded to public feedback on the draft Customs (Amendment) Bill 2024, declining requests to modify the term “remove” concerning dutiable goods in licensed warehouses nearing licence expiry or withdrawal. The...
by admin | Oct 9, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has significantly expanded its eGIRO online application service, now enabling corporate taxpayers to enrol digitally for automated tax payments via the myTax Portal. This enhancement streamlines payment processes for...
by admin | Oct 5, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
In a significant step towards implementing the global minimum tax framework, the Inland Revenue Authority of Singapore (IRAS) has launched a public consultation on two critical sets of subsidiary legislation: the proposed Multinational Enterprise (Minimum Tax) (GloBE...
by admin | Oct 2, 2024 | Accounting, Goods and Services Tax, Tech News
Significant amendments to Singapore’s Goods and Services Tax (GST) regulations concerning public agency supplies came into effect yesterday, 1 October 2024. The Goods and Services Tax (Non-taxable Public Agency Supplies) (Amendment No. 2) Order 2024 officially...
