by admin | Oct 31, 2018 | Income Tax, Tech News
Income Tax (International Tax Compliance Agreements) (Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information) (Amendment No. 2) Order 2018 On 30 October 2018, the above Order is amended by inserting, immediately after the...
by admin | Oct 28, 2018 | Income Tax, Tech News
Introduction Singapore implement Country-by-Country Reporting (CbCR) under the Base Erosion and Profit Shifting (BEPS) Project for Singapore Multinational Enterprises (MNEs) groups from financial year (FY) beginning on or after 1 January 2017 that meet certain...
by admin | Oct 27, 2018 | Income Tax, Tech News
On 25 October 2018, the Inland Revenue Authority of Singapore (IRAS) has published that Singapore received the highest overall compliant rating a jurisdiction can receive that affirms its regime for exchange of information on request (EOIR). The rating was awarded by...
by admin | Oct 9, 2018 | Accounting, Income Tax, Tech News
On 8 October 2018, the Inland Revenue Authority of Singapore (IRAS) has published the Summary of Responses on income tax implications arising from the adoption of FRS 116 – Leases. The 3 key comments accepted by IRAS are: 1. To provide guidance on the...
by admin | Oct 9, 2018 | Accounting, Income Tax, Tech News
On 8 October 2018, the Inland Revenue Authority of Singapore (IRAS) issued an e-Tax guide that provides guidance on tax treatments for entities adopting Financial Reporting Standard 116 (FRS 116) Leases or Singapore Financial Reporting Standard (International) 16...
by admin | Oct 2, 2018 | Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has accorded tax transparency treatment to the distributions received by the trustee of a real estate investment trust exchange-traded fund (REIT ETF) from REITs listed on the Singapore Exchange (S-REITs) that are made...
