by admin | Jun 18, 2026 | Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore has updated its guidance on the guarantee requirements that may apply to non-Singapore citizens working in Singapore for foreign employers. The revised guidance recognises digital guarantees issued by financial institutions...
by admin | Jun 12, 2026 | Accounting, Income Tax, Tech News
IRAS has updated its guidance on business expense deductions to address payments made by Singapore taxpayers for related-party services. The update confirms that service fee payments to related parties may be fully deductible where they are incurred for revenue...
by admin | Jun 11, 2026 | Accounting, Artificial Intelligence (AI), Auditing, Data Protection & Cybersecurity, Income Tax, Tech News
Artificial intelligence can help accountants work more efficiently in audit, tax, compliance and advisory work. However, the quality of AI output depends heavily on the quality of the prompt. A clear, structured and well-contextualised prompt can help AI produce more...
by admin | Jun 11, 2026 | Accounting, Artificial Intelligence (AI), Company Law, Data Protection & Cybersecurity, Income Tax, Tech News
Generative AI is increasingly being used in professional services to support research, document review, drafting, summarisation and issue identification. For accounting firms, the opportunity lies in using AI to improve efficiency in audit, tax, compliance and...
by admin | Jun 11, 2026 | Accounting, Income Tax, Tech News
The Expected credit loss (“ECL”) remains a key financial reporting area for Singapore entities applying SFRS(I) 9 Financial Instruments. Although the impairment model has been in place for several reporting cycles, practical application continues to require...
by admin | Jun 11, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore has clarified the conditions and supporting requirements for Singapore tax residents claiming Foreign Tax Credit on overseas income. The guidance is relevant to businesses and individuals seeking relief from double taxation...
