by admin | Jan 3, 2018 | Accounting, Income Tax, Tech News
Accounting for Financial Instruments The accounting treatment for financial assets and financial liabilities is governed under the Singapore Financial Reporting Standards (SFRS) or the Financial Reporting Standard for Small Entities (SFRS for Small Entities) for...
by admin | Nov 22, 2017 | Income Tax, Tech News
FRS 109 Financial Instruments will apply to entities for annual periods beginning on or after 1 January 2018. On or about 22 November 2017, the Inland Revenue Authority of Singapore (IRAS) has published an e-Tax Guide which provides guidance on the tax treatment for...
by admin | Nov 4, 2017 | Income Tax, Tech News
The following are some highlights of the recent update under the Income Tax (Amendment) Act 2017 that published in the Government Gazette (electronic edition) on 26 October 2017. Personal taxation All individual tax residents will receive a personal income tax rebate...
by admin | Oct 30, 2017 | Income Tax, Tech News
The Income Tax (Amendment) Bill 2017 (the Bill) was first introduced in Parliament on 11 September 2017. It was read for the second time and passed in Parliament on 2 October 2017, and Gazetted (electronic edition) on 26 October 2017. The Income Tax (Amendment) Act...
by admin | Oct 19, 2017 | Income Tax, Tech News
The Forum on Harmful Tax Practices (FHTP) has on 16 October 2017 released a progress report on its assessment that Singapore’s tax incentives satisfy the international standards on countering harmful tax practices under the OECD/G20 BEPS project. In June 2016,...
by admin | Oct 18, 2017 | Income Tax, Tech News
IRAS has published an e-Tax Guide — Avoidance of Double Taxation Agreements (DTAs) on 11 October 2017, a guidance on the interpretation and application of Singapore’s DTAs. As Singapore is not a member of OECD, although the OECD Model Tax Convention and the UN Model...
