by admin | Dec 1, 2025 | Accounting, Auditing, Income Tax, Tech News
In a significant administrative shift, Singapore’s Ministry of Finance has formally delegated the authority to specify precise concessionary tax rates under four key incentive schemes to the Economic Development Board (EDB) and Enterprise Singapore (ESG). The...
by admin | Nov 28, 2025 | Accounting, Auditing, Income Tax, Tech News
The Income Tax (Tax Incentives for Partnerships) Regulations 2012 have been amended, effective 4 November 2022 or 30 October 2023. These changes impact the qualifying conditions for enhanced writing-down allowances on intellectual property rights under the Enterprise...
by admin | Nov 28, 2025 | Accounting, Auditing, Income Tax, Property Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has confirmed the Government’s implementation of a one-off Property Tax Rebate for the 2026 year of assessment, applicable to all owner-occupied residential properties. The rebate is structured as follows: HDB Flats: A...
by admin | Nov 28, 2025 | Accounting, Auditing, Income Tax, Tech News
The Income Tax (Amalgamation of Companies) (Amendment) Regulations 2025, gazetted 27 November 2025, introduce a critical modification to the Enterprise Innovation Scheme (EIS) capping rules for corporate amalgamations. Key Change: For the Year of Assessment (YA) in...
by admin | Nov 26, 2025 | Accounting, Income Tax, Tech News
The Ministry of Finance has enacted the Income Tax (Exemption of Income of Prescribed Persons Arising from Funds Managed by Fund Manager in Singapore) (Amendment) Regulations 2025. These amendments, gazetted on 24 November 2025, refine the operational and definitional...
by admin | Nov 26, 2025 | Accounting, Goods and Services Tax, Income Tax
The Accounting Standards Council (ASC) has enacted Singapore Financial Reporting Standards 118 [SFRS(I) 18] Presentation and Disclosure in Financial Statements, effective for annual periods beginning on or after 1 January 2027. This standard, aligning with IFRS 18,...
