by admin | Oct 1, 2026 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on foreign currency transactions and foreign exchange gains or losses for GST purposes, providing further clarification on the use of exchange rates, the treatment of different transaction types...
by admin | Sep 29, 2026 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on the sale and disposal of business assets, clarifying the conditions under which disposed assets may be treated as having no market value for GST purposes. The clarification, published on 28...
by admin | Sep 17, 2026 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has reported the completion of more than 2,700 GST audits during 2025/2026, resulting in the recovery of approximately S$226 million in taxes and penalties. The audits covered businesses across various industries and...
by admin | Sep 12, 2026 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) published the Third Edition of its Tax Framework for Transfer of Business by Insurers e-Tax Guide on 11 September 2026. The revised guide introduces updates to the GST treatment of insurance business transfers,...
by admin | Sep 2, 2026 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has introduced guidance on the submission of requests for GST technical clarification, effective from 1 September 2026. The guidance is intended primarily for authorised tax agents seeking clarification on GST technical...
by admin | Aug 19, 2026 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) published the Sixth Edition of its GST: Time of Supply Rules e-Tax Guide on 18 August 2026. The latest edition makes a limited technical update to the guide, revising footnotes 25 and 27 to reflect the renumbering of...
