by admin | Feb 26, 2025 | Accounting, Income Tax, Tech News
Significant procedural changes for taxpayers appealing to the Income Tax Board of Review (ITBR) will come into force on April 1, 2025, following the publication of the Income Tax (Appeals Procedure for Board of Review) (Amendment) Regulations 2025 in the Government...
by admin | Feb 25, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a critical deadline reminder for financial institutions regarding Common Reporting Standard (CRS) compliance. Entities that qualified as Reporting Singapore Financial Institutions (SGFIs) during the 2024...
by admin | Feb 25, 2025 | Accounting, Income Tax, Tech News
The International Financial Reporting Standards Foundation (IFRS) has published significant updates across its digital platforms, featuring new technical resources, upcoming meeting details, and summaries of recent advisory discussions. These updates are critical for...
by admin | Feb 24, 2025 | Accounting, Company Law, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has formally announced an extension to its waiver of late filing penalties, now effective until 15 March 2025. This relief measure applies to entities with statutory filings originally due between 9 December...
by admin | Feb 19, 2025 | Accounting, Income Tax, Tech News
Deputy Prime Minister and Finance Minister Lawrence Wong presented Singapore’s 2025 Budget Statement yesterday, outlining a comprehensive package of tax measures designed to strengthen the nation’s economic foundations. Key focus areas include enhancing...
by admin | Feb 18, 2025 | Accounting, Income Tax, Tech News
The Equities Market Review Group (EMRG), tasked with enhancing Singapore’s capital markets, has unveiled its initial recommendations, centering on strategic tax incentives aimed at boosting the domestic equities ecosystem. The proposed measures, announced today,...
