by admin | Sep 2, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued an advance ruling (Summary No. 19/2025) clarifying the tax treatment of a specific intra-group business transfer. The ruling confirms that the transfer of two distinct business segments from a Singapore...
by admin | Sep 2, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has published Advance Ruling Summary 20/2025, clarifying critical tax treatments for an exchange of Qualifying Debt Securities (QDS). The ruling provides essential guidance on the characterisation of cash premiums paid...
by admin | Aug 23, 2025 | Accounting, Income Tax, Tech News
In a significant update for private company reporting, the International Accounting Standards Board (IASB) has finalised its amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures. The move completes the board’s planned...
by admin | Aug 22, 2025 | Accounting, Income Tax, Tech News
In a significant development for multinational enterprises (MNEs) operating in the region, Singapore’s landmark minimum tax legislation has been granted transitional qualified status by the Organisation for Economic Co-operation and Development (OECD). The OECD...
by admin | Aug 21, 2025 | Accounting, Income Tax, Tech News
The accounting and tax sector is facing unprecedented cyber threats, with new data revealing that scam victims in Singapore suffered losses of a staggering S$1.1 billion in 2024—a 70% year-on-year increase. This alarming statistic, from the Singapore Police Force’s...
by admin | Aug 20, 2025 | Accounting, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has announced a significant update to the Singapore Financial Reporting Standard (SFRS) for Small Entities, marking its most substantial overhaul to date. The amendments, published on 18 August 2025, are a...
