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...
by admin | Jun 29, 2026 | Accounting, Income Tax, Tech News
IRAS has released a new form allowing the appointment of a Corppass Administrator for multiple estate, trust or unit trust entities. The appointed individual will be authorised to transact with IRAS on behalf of those entities, supporting more centralised digital tax...
by admin | Jun 18, 2026 | Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore has updated its guidance on the guarantee requirements that may apply to non-Singapore citizens working in Singapore for foreign employers. The revised guidance recognises digital guarantees issued by financial institutions...
by admin | Jun 12, 2026 | Accounting, Income Tax, Tech News
IRAS has updated its guidance on business expense deductions to address payments made by Singapore taxpayers for related-party services. The update confirms that service fee payments to related parties may be fully deductible where they are incurred for revenue...
by admin | Jun 11, 2026 | Accounting, Artificial Intelligence (AI), Auditing, Data Protection & Cybersecurity, Income Tax, Tech News
Artificial intelligence can help accountants work more efficiently in audit, tax, compliance and advisory work. However, the quality of AI output depends heavily on the quality of the prompt. A clear, structured and well-contextualised prompt can help AI produce more...
by admin | Jun 11, 2026 | Accounting, Artificial Intelligence (AI), Company Law, Data Protection & Cybersecurity, Income Tax, Tech News
Generative AI is increasingly being used in professional services to support research, document review, drafting, summarisation and issue identification. For accounting firms, the opportunity lies in using AI to improve efficiency in audit, tax, compliance and...
