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ACRA’s 2026 Reforms Take Effect Today, 6 May 2026

ACRA’s 2026 Reforms Take Effect Today, 6 May 2026

by admin | May 6, 2026 | Accounting, Company Law, Income Tax, Tech News

Singapore’s Corporate and Accounting Laws amendments take effect today, 6 May 2026, introducing higher accountability expectations for company directors and new governance safeguards affecting financial reporting, director duties and shareholder approvals. Directors...
Mandates Disclosure of Engagement Partner Name in All Auditor’s Reports from 6 May 2026

Mandates Disclosure of Engagement Partner Name in All Auditor’s Reports from 6 May 2026

by admin | May 6, 2026 | Auditing, Income Tax, Tech News

Amendments to the Accountants Act (Section 59A) now require that all auditor’s reports issued by a public accountant or an accounting entity under Section 59A(4) disclose the full name of the engagement partner. Conforming changes to the Institute of Singapore...
IRAS Launches E‑Filing for YA 2026 Corporate Tax Returns and EIS Cash Payouts

IRAS Launches E‑Filing for YA 2026 Corporate Tax Returns and EIS Cash Payouts

by admin | May 5, 2026 | Accounting, Income Tax, Tech News

The Inland Revenue Authority of Singapore (IRAS) has launched e-filing services for Form C, Form C‑S, and Form C‑S (Lite) for the Year of Assessment (YA) 2026 on mytax.iras.gov.sg. Companies must file by 30 November 2026. Businesses seeking an Enterprise Innovation...
IRAS 7/2026: Same-Business Requirement for Loss Transfer on Amalgamation

IRAS 7/2026: Same-Business Requirement for Loss Transfer on Amalgamation

by admin | May 5, 2026 | Accounting, Income Tax, Tech News

The Inland Revenue Authority of Singapore (IRAS) has issued Advance Ruling Summary No. 7/2026, addressing whether a surviving entity in an amalgamation under Section 215F of the Companies Act 1967 may deduct unabsorbed capital allowances and losses transferred from...

Key Updates to IRAS Transfer Pricing Guidelines (8th Edition)

by admin | Apr 23, 2026 | Accounting, Income Tax, Tech News

The Inland Revenue Authority of Singapore (IRAS) has issued the 8th Edition of its Transfer Pricing Guidelines (TPG), effective 19 November 2025. The updates introduce significant compliance relief for related party domestic loans, a new optional Simplified and...

ISSB Practice Statement on Nature-Related Disclosures

by admin | Apr 23, 2026 | Accounting, Income Tax, Tech News

During its April 2026 session held in Beijing, the International Sustainability Standards Board (ISSB) approved moving forward with a public consultation on draft guidance addressing disclosures related to nature. This guidance is expected to be issued as an IFRS...
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