by admin | Jun 11, 2026 | Accounting, Income Tax, Tech News
The Expected credit loss (“ECL”) remains a key financial reporting area for Singapore entities applying SFRS(I) 9 Financial Instruments. Although the impairment model has been in place for several reporting cycles, practical application continues to require...
by admin | Jun 11, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore has clarified the conditions and supporting requirements for Singapore tax residents claiming Foreign Tax Credit on overseas income. The guidance is relevant to businesses and individuals seeking relief from double taxation...
by admin | Jun 10, 2026 | Accounting, Income Tax, Tech News
Singapore and Tanzania signed an Avoidance of Double Taxation Agreement on 9 June 2026. The agreement is intended to reduce the risk of income being taxed twice and to provide clearer tax treatment for businesses and individuals with cross-border activities between...
by admin | Jun 8, 2026 | Accounting, Income Tax, Tech News
IRAS has updated its Transfer Pricing Guidelines to clarify how share-based compensation should be treated when determining cost bases and service income for transfer pricing purposes. The new guidance applies from Year of Assessment 2026 and is particularly relevant...
by admin | Jun 8, 2026 | Accounting, Income Tax, Tech News
IRAS has released new guidance addressing registration requirements for multinational enterprise groups subject to Singapore’s Pillar Two top-up tax regime. The FAQ covers registration for the multinational enterprise top-up tax, domestic top-up tax, and related GloBE...
by admin | Jun 3, 2026 | Accounting, Income Tax, Tech News
Singapore’s Global Minimum Tax framework is now a live compliance issue for in-scope multinational enterprise groups. With the Multinational Enterprise (Minimum Tax) Act 2024 taking effect for financial years beginning on or after 1 January 2025, affected groups...
