by admin | Oct 9, 2018 | Accounting, Income Tax, Tech News
On 8 October 2018, the Inland Revenue Authority of Singapore (IRAS) has published the Summary of Responses on income tax implications arising from the adoption of FRS 116 – Leases. The 3 key comments accepted by IRAS are: 1. To provide guidance on the...
by admin | Oct 9, 2018 | Accounting, Income Tax, Tech News
On 8 October 2018, the Inland Revenue Authority of Singapore (IRAS) issued an e-Tax guide that provides guidance on tax treatments for entities adopting Financial Reporting Standard 116 (FRS 116) Leases or Singapore Financial Reporting Standard (International) 16...
by admin | Oct 2, 2018 | Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has accorded tax transparency treatment to the distributions received by the trustee of a real estate investment trust exchange-traded fund (REIT ETF) from REITs listed on the Singapore Exchange (S-REITs) that are made...
by admin | Sep 26, 2018 | Income Tax, Tech News
On 19 September 2018, the Inland Revenue Authority of Singapore (IRAS) has updated content to provide clarity on when companies can claim capital allowances for assets purchased for use by subcontractors and other parties Assets Purchased for Use by Subcontractors and...
by admin | Sep 26, 2018 | Income Tax, Tech News
On 18 September 2018, the Inland Revenue Authority of Singapore 9IRAS) has updated a new ‘Application Form for Income Tax Advance Ruling’ and details of electronic payment for such process. From 1 Nov 2018, only electronic payment (Internet Banking Fund...
by admin | Sep 17, 2018 | Income Tax, Tech News
The CPF Top-up relief is given to encourage Singaporeans and Permanent Residents to set aside money either to top up in their own CPF Special/Retirement Account or those of family members for basic retirement needs. On 14 September 2018, the Minister for Finance makes...
