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...
by admin | Oct 21, 2025 | Accounting, Auditing, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released GST Essentials guidance series (Part 1) addressing the GST treatment on recovery of expenses—a recurring area of complexity for GST-registered businesses, particularly where expenses are recharged to...
by admin | Oct 17, 2025 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Finance (Income Taxes) Bill (No. 16/2025) was tabled for its first reading in Parliament on 14 October 2025. The Bill proposes amendments to three key statutes: Income Tax Act 1947 (ITA) Multinational Enterprise (Minimum Tax) Act 2024 (MMTA) Goods and Services Tax...
by admin | Oct 4, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued critical guidance on the Goods and Services Tax (GST) treatment of deposits under the forthcoming Beverage Container Return Scheme (BCRS), effective 1 April 2026. The clarification confirms the BCRS deposit...
by admin | Sep 25, 2025 | Accounting, Goods and Services Tax, Income Tax, Tech News
Recent developments in Japan and Korea indicate a significant intensification of tax enforcement, driven by digital tools and a focus on cross-border transactions. Professionals must note critical shifts in audit procedures, the application of economic substance...
