by admin | Apr 2, 2026 | Accounting, Goods and Services Tax, Tech News
From 1 April 2026, the Beverage Container Return Scheme (BCRS) is operational in Singapore. Under this regulatory framework, sellers of regulated beverages are required to collect a refundable deposit of $0.10 per regulated beverage container, in addition to the...
by admin | Mar 20, 2026 | Accounting, Auditing, Goods and Services Tax, Tech News
The self-assessment nature of the Goods and Services Tax (GST) regime continues to present significant compliance risks for businesses. Recent insights into the Inland Revenue Authority of Singapore’s (IRAS) audit methodologies reveal a sustained focus on high-risk...
by admin | Mar 19, 2026 | Accounting, Auditing, Goods and Services Tax, Tech News
Recent developments and judicial decisions continue to shape the landscape of tax practice in Singapore, underscoring the critical need for Tax Accountants to clearly distinguish between legitimate tax planning, impermissible tax avoidance, and outright tax evasion. A...
by admin | Mar 19, 2026 | Accounting, Auditing, Company Law, Goods and Services Tax, Income Tax, Tech News
This technical note outlines the significant measures introduced in Budget 2026, with a focus on corporate tax changes, incentives for innovation and internationalization, and the strategic emphasis on artificial intelligence (AI) adoption. 1. Corporate Tax Changes...
by admin | Mar 18, 2026 | Accounting, Auditing, Goods and Services Tax, Income Tax, Tech News
This technical note outlines the key tax changes and, incentive scheme enhancements, and transfer pricing developments arising from Singapore’s Budget 2026. 1. Direct Tax Rates Unchanged There are no changes to the prevailing tax rates: Corporate Income Tax (CIT): 17%...
by admin | Mar 18, 2026 | Accounting, Auditing, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released further clarifications regarding the mandatory onboarding of GST-registered businesses onto the InvoiceNow network, confirming that specific implementation dates for GST groups and divisions will be...
