by admin | Dec 23, 2024 | Accounting, Company Law, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has announced immediate relief measures for businesses and corporate service providers experiencing technical difficulties with the newly launched BizFile+ portal. Background: The updated BizFile+ portal,...
by admin | Dec 20, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has finalized targeted amendments to International Financial Reporting Standards (IFRS) to enhance the transparency of financial reporting for companies using weather-dependent electricity contracts, commonly...
by admin | Dec 20, 2024 | Accounting, Income Tax, Tech News
The U.S. Internal Revenue Service (IRS) has expanded temporary compliance relief for financial institutions (FIs) struggling to obtain U.S. Taxpayer Identification Numbers (TINs) under the Foreign Account Tax Compliance Act (FATCA). Notice 2024-78, issued in October...
by admin | Dec 17, 2024 | Accounting, Company Law, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has temporarily disabled its BizFile+ company registry search function following significant public concern over the unannounced display of full National Registration Identity Card (NRIC) numbers in search...
by admin | Dec 13, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced its anticipated timeline for implementing the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF). Exchanges of tax-related information on...
by admin | Dec 12, 2024 | Accounting, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has published key resources to implement the newly amended Common Reporting Standard (CRS), following the Organisation for Economic Co-operation and Development’s (OECD) first comprehensive review of the framework. The...
