by admin | Jun 21, 2025 | Accounting, Income Tax, Tech News
The Ministry of Finance (MOF) has initiated a public consultation on the draft Finance (Income Taxes) Bill 2025, seeking stakeholder feedback on significant proposed amendments to Singapore’s income tax framework. The consultation period runs from 18 June to 11...
by admin | Jun 19, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced the availability of the essential Year of Assessment (YA) 2026 employer reporting forms on its official website as of today. Employers are required to utilise these forms for reporting their...
by admin | Jun 15, 2025 | Accounting, Auditing, Employment, Income Tax, Tech News
The Singapore Income Tax Board of Review (the Board) has dismissed an appeal by three specialist doctors concerning the Comptroller of Income Tax’s recharacterisation of corporate profits as taxable individual income under anti-avoidance provisions. Case...
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 16, 2025 | Accounting, Auditing, Company Law, Income Tax, Tech News
Significant regulatory changes are imminent for Corporate Service Providers (CSPs) operating in Singapore. Effective 9 June 2025, the newly enacted Corporate Service Providers Act (CSP Act) imposes mandatory registration and stringent compliance obligations on all...
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...
