by admin | Dec 31, 2024 | Accounting, Company Law, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has announced continued support for Bizfile users experiencing system-related filing difficulties. In a 27 December 2024 update, the regulator confirmed: Late Penalty Waiver Extension: ACRA will maintain its...
by admin | Dec 31, 2024 | Accounting, Income Tax, Tech News
Singapore has taken a decisive step towards implementing the OECD/G20 global minimum tax framework with the official publication of the Multinational Enterprise (Minimum Tax) Act 2024 and its accompanying subsidiary legislation. Concurrently, the Inland Revenue...
by admin | Dec 28, 2024 | Accounting, Income Tax, Tech News
The Ministry of Finance (MOF) has officially announced the delivery date for Singapore’s highly anticipated Fiscal Year 2025 (FY2025) Budget Statement. Prime Minister and Minister for Finance, Mr. Lawrence Wong, will present the FY2025 Budget Statement to...
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...
