by admin | May 10, 2025 | Accounting, Income Tax, Tech News
In a significant ruling for financial sector incentive (FSI) companies, the Singapore Income Tax Board of Review (the Board) has determined that losses incurred on the redemption of redeemable preference shares (RPS) do not constitute losses derived from...
by admin | May 8, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has activated its e-filing services for corporate Income Tax Returns for the Year of Assessment (YA) 2025. Taxpayers can now electronically submit Form C, Form C-S, and Form C-S (Lite) for YA 2025 via the myTax Portal....
by admin | May 7, 2025 | Accounting, Auditing, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has enhanced its digital services with a new chatbot function allowing companies and tax agents to instantly check corporate income tax filing and assessment statuses. Integrated into the existing “Chat with...
by admin | May 3, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued an Advance Ruling (Income Tax) Summary No. 6/2025 confirming that the novation of specific trading agreements from one group company to another, undertaken to comply with a regulatory directive prior to a...
by admin | May 2, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued an Advance Ruling (Income Tax) Summary No. 5/2025, clarifying that a foreign company does not establish a taxable presence (permanent establishment) in Singapore through specific operational arrangements with...
by admin | Apr 30, 2025 | Accounting, Auditing, Income Tax, Tech News
The International Sustainability Standards Board (ISSB) has published an Exposure Draft outlining proposed amendments to IFRS S2 Climate-related Disclosures. The draft aims to reduce complexity and ease the application burden for companies implementing the global...
