by admin | Apr 9, 2025 | Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has clarified significant tax changes affecting individuals, including revised relief structures, stock-based remuneration rules, and guidelines for gig economy/hobby income. These updates, effective from Year of...
by admin | Apr 8, 2025 | Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a key Advance Ruling (Individual Income Tax) Summary No. 2/2025, clarifying the taxation of benefits received by Singapore-based employees subscribing to shares in an overseas fund operated by their foreign...
by admin | Apr 8, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a significant Advance Ruling (Individual Income Tax) Summary No. 1/2025, clarifying the tax treatment of lump-sum settlements received by individuals upon the termination of earnout arrangements linked to...
by admin | Apr 2, 2025 | Accounting, Income Tax, Tech News
Significant procedural changes for filing appeals with the Income Tax Board of Review (ITBR) take effect from 1 April 2025. Amendments to the Income Tax (Appeals Procedure for Board of Review) Regulations 2023 now mandate electronic submission of the initial appeal...
by admin | Mar 6, 2025 | Accounting, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has issued an Advance Ruling Summary No. 2/2025, clarifing that gains realized by a fund manager from redeeming units in a feeder fund qualify as capital receipts and are not subject to income tax. Key Details of the Ruling...
by admin | Mar 5, 2025 | Accounting, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has issued a significant Advance Ruling Summary No. 3/2025, clarifying the tax treatment of a major banking sector restructuring. This ruling addresses the transfer of a Singapore bank’s entire business as a...
