by admin | Feb 20, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced revisions to the administrative concessions available under the Assisted Self-Help Kit (ASK) programme. The updates, effective immediately, aim to ensure the concessions remain current and directly address...
by admin | Dec 24, 2024 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued updated guidance on the Goods and Services Tax (GST) treatment applicable to leases of bunker tankers, a critical consideration for maritime and bunkering service providers. The clarification distinguishes...
by admin | Dec 3, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Singapore Ministry of Finance (MOF) has formally initiated its annual pre-budget consultation process, calling on stakeholders to submit proposals for the upcoming Budget 2025. With the Budget scheduled for presentation to Parliament in February 2025, the MOF is...
by admin | Nov 20, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has published its responses to public feedback on the draft e-Tax Guide outlining the mandatory adoption of InvoiceNow for Goods and Services Tax (GST)-registered businesses. This release clarifies key operational and...
by admin | Oct 29, 2024 | Accounting, Goods and Services Tax, Tech News
The Ministry of Finance (MOF) has formally responded to public feedback on the draft Customs (Amendment) Bill 2024, declining requests to modify the term “remove” concerning dutiable goods in licensed warehouses nearing licence expiry or withdrawal. The...
by admin | Oct 9, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has significantly expanded its eGIRO online application service, now enabling corporate taxpayers to enrol digitally for automated tax payments via the myTax Portal. This enhancement streamlines payment processes for...
