by admin | Jul 12, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (“IRAS”) has taken a closer look at arrangements under which high-income individuals provide services through private companies while receiving relatively low remuneration personally. IRAS has reportedly identified 279...
by admin | Jul 6, 2026 | Accounting, Income Tax, Tech News
On 1 July 2026, the Inland Revenue Authority of Singapore (IRAS) updated its published summaries of income tax advance rulings by adding three new corporate tax-related summaries under the category covering matters other than individual income tax. The new summaries...
by admin | Jun 30, 2026 | Accounting, Financial & Estate Planning, Income Tax, Tech News
The Inland Revenue Authority of Singapore will implement a new tax reference number format for Estates, Trusts and Unit Trusts from July 2026. The existing 10-character Income Tax Reference ID will be replaced by a 9-character ASGD ID in the format AXXXXXXXX. Key...
by admin | Jun 29, 2026 | Accounting, Income Tax, Tech News
IRAS has released a new form allowing the appointment of a Corppass Administrator for multiple estate, trust or unit trust entities. The appointed individual will be authorised to transact with IRAS on behalf of those entities, supporting more centralised digital tax...
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...
