by admin | Jun 27, 2025 | Accounting, Auditing, Goods and Services Tax, Income Tax, Tech News
The Income Tax Board of Review’s landmark decision in GIO v Comptroller of Income Tax [2024] SGITBR 1 has clarified critical principles for taxing property disposal gains, rejecting arguments that real estate profits are inherently capital in nature. The ruling,...
by admin | Jun 14, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has mandated GST-registered businesses to adopt InvoiceNow, Singapore’s nationwide e-invoicing network developed by the Infocomm Media Development Authority (IMDA). Key Implementation Details: Phased Rollout: The GST...
by admin | May 23, 2025 | Accounting, Auditing, Goods and Services Tax, Income Tax, Tech News
Singapore High Court’s pivotal decision in Changi Airport Group (Singapore) Pte Ltd v Comptroller of Income Tax [2024] SGHC 281 (“CAG”) has established critical distinctions for capital allowance claims under the Income Tax Act (ITA), reshaping asset...
by admin | May 14, 2025 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a reminder to Goods and Services Tax (GST)-registered businesses regarding common errors identified during its audit programme, particularly targeting entities with low-value GST refund claims. A key...
by admin | Apr 30, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a GST Advance Ruling Summary No. 1/2025, clarifying the Goods and Services Tax (GST) treatment for dedicated IP transit services supplied internationally by a Singapore-based Internet Service Provider (ISP)....
by admin | Apr 3, 2025 | Accounting, Goods and Services Tax, Tech News
New data released by the Inland Revenue Authority of Singapore (IRAS) indicates sustained adoption and high retention rates for the Assisted Compliance Assurance Programme (ACAP). According to statistics published on the IRAS website on 1 April 2025: Cumulative...
