by admin | Nov 8, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) issued an updated set of Frequently Asked Questions (FAQs) on 16 October 2025 relating to the GST InvoiceNow Requirement, incorporating a significant number of new clarifications. These updates reflect IRAS’...
by admin | Nov 8, 2025 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Finance (Income Taxes) Bill 2025 (Bill No. 16/2025) was passed at its second reading in the Singapore Parliament on 6 November 2025. The Bill introduces targeted amendments to three key tax legislations: Income Tax Act 1947 (ITA) Multinational Enterprise (Minimum...
by admin | Nov 4, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has updated the e-Tax Guide “GST: Guide on Attribution of Input Tax” as of 31 October 2025, introducing refinements intended to enhance clarity around the GST treatment of general overheads, office rental, and utilities...
by admin | Nov 4, 2025 | Accounting, Employment, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has updated its administrative guidance on the GST treatment of fringe benefits, specifically in relation to used uniforms, protective clothing, work-related supplies, and input tax claims on overseas vendor (OVR)...
by admin | Oct 24, 2025 | Accounting, Goods and Services Tax, Tech News
IRAS has announced amendments to several existing administrative concessions under the Assisted Self-Help Kit (ASK) and introduced a new concession, alongside updates to scenarios where filing of GST F7 (Disclosure of Errors Form) is no longer required. These changes...
by admin | Oct 24, 2025 | Accounting, Employment, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has updated its public guidance on deductible and non-deductible business expenses for corporate taxpayers. The new examples provide additional clarity for companies preparing their tax computations and assessing...
