by admin | Dec 10, 2025 | Accounting, Auditing, Income Tax, Tech News
The Finance (Income Taxes) Act 2025 (the Act) formally entered into law upon receiving Presidential Assent on 25 November 2025, with publication in the Gazette on 8 December 2025. The legislation enacts several Budget 2025 proposals and introduces additional...
by admin | Dec 6, 2025 | Accounting, Auditing, Income Tax, Tech News
The Accounting Standards Committee (ASC) has issued Exposure Draft ED/2025/1, Risk Mitigation Accounting, marking a significant potential evolution in hedge accounting under IFRS 9 Financial Instruments and related disclosures in IFRS 7. The consultation period closes...
by admin | Dec 5, 2025 | Accounting, Auditing, Income Tax, Tech News
The International Accounting Standards Board (IASB) has published a landmark proposal for a new Risk Mitigation Accounting model, aimed at aligning reported financial performance with how institutions practically manage interest rate risk. Announced on 3 December...
by admin | Dec 4, 2025 | Accounting, Auditing, Income Tax, Tech News
The General Division of the High Court of Singapore has dismissed applications by two note issuers seeking to preserve Qualifying Debt Securities (QDS) tax status for amended notes following a scheme of arrangement. This ruling serves as a critical technical alert for...
by admin | Dec 2, 2025 | Accounting, Auditing, Goods and Services Tax, Income Tax, Tech News
The Ministry of Finance (MOF) has formally initiated its public consultation for the Singapore Budget 2026, with submissions due by 12 January 2026. The call, structured around themes of economic advancement, job security, and social progression, signals potential...
by admin | Dec 1, 2025 | Accounting, Auditing, Income Tax, Tech News
Singapore has amended its Global Trading Company (GTC) incentive regime, introducing significant changes applicable from Year of Assessment 2025. The revisions to Regulations 3, 4, and 5 of the Income Tax (Concessionary Rate of Tax for Global Trading Companies)...
