by admin | Oct 22, 2018 | Goods and Services Tax, Tech News
On 17 October 2018, the Inland Revenue Authority of Singapore (IRAS) has simplify the GST filing process to reduce risk of making errors by allowing taxpayers now to submit their GST returns and transaction listings directly from accounting software to IRAS via...
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...
by admin | Sep 29, 2018 | Goods and Services Tax, Tech News
On 27 September 2018, the Ministry of Finance has released a summary of responses to the public consultation on the draft Goods and Services Tax (Amendment) Bill 2018. 70 suggestions were received, of which 47 were accepted and revisions will be made to the draft...
by admin | Sep 26, 2018 | Income Tax, Tech News
On 19 September 2018, the Inland Revenue Authority of Singapore (IRAS) has updated content to provide clarity on when companies can claim capital allowances for assets purchased for use by subcontractors and other parties Assets Purchased for Use by Subcontractors and...
