by admin | Aug 23, 2025 | Accounting, Goods and Services Tax, Tech News
In a recent update to its e-Tax guides, the Inland Revenue Authority of Singapore (IRAS) has implemented two significant changes to the Goods and Services Tax (GST) administration process, affecting the deadlines for express advance ruling applications and requests...
by admin | Aug 23, 2025 | Accounting, Goods and Services Tax, Tech News
In a move to enhance clarity and compliance for businesses, the Inland Revenue Authority of Singapore (IRAS) has released an updated version of its official GST F7 Calculator and issued a critical clarification on the term “net GST amount in error.” The...
by admin | Aug 8, 2025 | Goods and Services Tax, Tech News
IRAS has completed over 2,800 GST audits across various industries for the 2024/2025 period, resulting in the recovery of $205 million in taxes and penalties. IRAS has published selected audit cases and details of its compliance programmes on its website. Key issues...
by admin | Jul 16, 2025 | Accounting, Goods and Services Tax, Income Tax, Tech News
Over 60 countries have mandated e-invoicing or digital tax reporting frameworks, with global adoption projected to near universality by 2030. This shift promises enhanced tax compliance, reduced administrative burdens, and real-time transaction visibility for...
by admin | Jul 4, 2025 | Accounting, Goods and Services Tax, Tech News
Singapore’s list of non-taxable public agency supplies has been formally expanded under the Goods and Services Tax (Non-taxable Public Agency Supplies) (Amendment No. 2) Order 2025, effective 30 June and 1 July 2025. The amendment modifies the principal 2024 Order,...
by admin | Jul 3, 2025 | Accounting, Goods and Services Tax, Tech News
In a move to streamline compliance for businesses, the Inland Revenue Authority of Singapore (IRAS) has eliminated the mandatory approval process for adopting the Gross Margin Scheme (GMS). This significant regulatory change took effect on 1 July 2025. Key Change:...
