by admin | Nov 25, 2024 | Accounting, Income Tax, Tech News
Qualifying shipping entities (QSEs) operating under key Singapore maritime incentive schemes now have the option to be taxed under a newly introduced Alternative Net Tonnage Tax (NTT) regime. This significant tax policy shift, initially announced in Tax Budget 2024,...
by admin | Nov 22, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) today published the Common Reporting Standard Tax Identification Number Guide (CRS TIN Guide) on its official website. This new resource provides critical guidance for Singapore-based financial institutions subject to...
by admin | Nov 21, 2024 | Accounting, Income Tax
The International Sustainability Standards Board (ISSB) has published a significant technical resource aimed at helping entities globally identify and disclose material sustainability-related financial information. The Guide on sustainability risks and material...
by admin | Nov 20, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has published its responses to public feedback on the draft e-Tax Guide outlining the mandatory adoption of InvoiceNow for Goods and Services Tax (GST)-registered businesses. This release clarifies key operational and...
by admin | Nov 19, 2024 | Accounting, Income Tax, Tech News
The Singapore Accounting Standards Committee (ASC) has publicly responded to the International Accounting Standards Board’s (IASB) July 2024 Exposure Draft proposing amendments to IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’. The...
by admin | Nov 19, 2024 | Accounting, Income Tax, Tech News
The Singapore Accounting Standards Committee (ASC), operating under the Accounting and Corporate Regulatory Authority (ACRA), has formally responded to the International Accounting Standards Board’s (IASB) proposed guidance on disclosing climate-related and...
