by admin | Jul 15, 2026 | Accounting, Income Tax, Tech News
Singapore’s Multinational Enterprise Top-up Tax and Domestic Top-up Tax apply for financial years beginning on or after 1 January 2025. For affected multinational groups, the immediate priority is no longer registration alone, but the establishment of a reliable...
by admin | Jul 12, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (“IRAS”) has taken a closer look at arrangements under which high-income individuals provide services through private companies while receiving relatively low remuneration personally. IRAS has reportedly identified 279...
by admin | Jul 11, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has expanded its guidance on payments to non-resident companies for technical and management services under sections 12(7)(b) and 12(7)(c) of the Income Tax Act 1947. The updated guidance explains how the place where...
by admin | Jul 10, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has updated the explanatory notes for its Foreign Income Tracking Schedule to clarify the supporting-document retention obligations for companies. Records relating to foreign income must generally be kept for five years...
by admin | Jul 6, 2026 | Accounting, Income Tax, Tech News
On 1 July 2026, the Inland Revenue Authority of Singapore (IRAS) updated its published summaries of income tax advance rulings by adding three new corporate tax-related summaries under the category covering matters other than individual income tax. The new summaries...
by admin | Jun 30, 2026 | Accounting, Financial & Estate Planning, Income Tax, Tech News
The Inland Revenue Authority of Singapore will implement a new tax reference number format for Estates, Trusts and Unit Trusts from July 2026. The existing 10-character Income Tax Reference ID will be replaced by a 9-character ASGD ID in the format AXXXXXXXX. Key...
