by admin | Jul 17, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced an extension to the public consultation period for its draft guide detailing the upcoming Goods and Services Tax (GST) InvoiceNow requirement. Stakeholders now have until 25 July 2024 to submit written...
by admin | Jul 16, 2024 | Accounting, Income Tax, Tech News
The IFRS Foundation has announced a significant update to its website, publishing crucial materials for accounting and sustainability standards professionals globally. This release encompasses essential resources for upcoming meetings, summaries of recent events, and...
by admin | Jul 12, 2024 | Accounting, Income Tax, Tech News
A joint study by the Accounting and Corporate Regulatory Authority (ACRA) and the National University of Singapore’s Sustainable and Green Finance Institute (SGFIN) indicates strong momentum in climate reporting among large listed companies, while identifying critical...
by admin | Jul 11, 2024 | Accounting, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has implemented a pivotal shift in its foreign-sourced income regime, mandating taxation on gains from overseas asset disposals under specific conditions. The new Section 10L of the Income Tax Act 1947 (ITA), effective 1...
by admin | Jul 10, 2024 | Accounting, Auditing, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has formalized disclosure requirements for public accountants and accounting firms concerning specific regulatory actions. Practice Direction No. 1 of 2024, issued on 9 July 2024, establishes a clear policy...
by admin | Jul 6, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) announced the completion of its Post-implementation Review (PIR) concerning the impairment requirements within IFRS 9 / SFRS(I) 9 Financial Instruments. The review assessed whether the practical application of these...
