by admin | Sep 5, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued updated guidance clarifying that certain cash rebates received from suppliers are subject to GST. The authority asserts that such rebates are not mere discounts but constitute consideration for a separate...
by admin | Sep 3, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) published significant updates on 2 September 2025 to its e-Tax guide, “Conditions for Claiming Input Tax.” This release provides critical clarifications on the deductibility of Input GST for a range of...
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...
