by admin | May 18, 2026 | Accounting, Income Tax, Tech News
Entities applying SFRS(I) 15 must allocate the transaction price to each distinct performance obligation based on relative standalone selling prices (SSPs). When direct SSPs are unavailable, the standard permits estimation using prescribed approaches – adjusted market...
by admin | May 16, 2026 | Accounting, Income Tax, Tech News
IRAS has updated the administrative procedures for applications and claims under Singapore’s Refundable Investment Credit (RIC) scheme. The update clarifies the roles of the approving agencies, the claim verification process, utilisation options, and the procedures...
by admin | May 14, 2026 | Accounting, Income Tax, Tech News
Mergers and acquisitions are rarely driven by tax alone, but tax can materially affect whether a transaction is commercially viable, how it should be structured, and how value is ultimately preserved. In any M&A transaction, tax considerations may affect the...
by admin | May 13, 2026 | Accounting, Income Tax, Tech News
Singapore and Bhutan signed a new Double Tax Agreement on 12 May 2026 covering taxes on income. The agreement is not yet effective and will take effect only after both jurisdictions complete their ratification procedures. Key tax and business impacts The DTA is...
by admin | May 13, 2026 | Artificial Intelligence (AI), Auditing, Income Tax, News, Tech News
I attended today’s ISCA and Wolters Kluwer roundtable lunch discussion on how cloud-based audit technologies are reshaping audit delivery, firm operations, cybersecurity expectations, staff retention, and the future use of AI in assurance work. The discussion...
by admin | May 12, 2026 | Accounting, Income Tax, Tech News
The International Accounting Standards Board has proposed a narrow amendment to the IFRS for SMEs Accounting Standard that would extend consolidation relief to certain intermediate parent entities. The change is intended to reduce reporting costs for eligible SMEs...
