by admin | Jul 31, 2018 | Income Tax, Tech News
Country-by-Country Reporting (CbCR) is a form of reporting by multinational enterprises (MNEs) initiated by the Organisation for Economic Co-operation and Development (OECD) in the Base Erosion and Profit Shifting (BEPS) Action 13 Report. Some jurisdictions would be...
by admin | Jul 29, 2018 | Accounting, Tech News
On 27 July 2018, the Accounting Standard Council (ASC) has submitted comment letter on ED/2018/1 the Exposure Draft on Accounting Policy Changes (Proposed amendments to IAS 8) issued by the International Accounting Standards Board in March 2018. More details can be...
by admin | Jul 28, 2018 | Goods and Services Tax, Tech News
On 27 July 2018, the Inland Revenue Authority of Singapore (IRAS) has updated the Third Edition of the e-Tax Guide on GST: Fringe Benefits. The following were the amendments: Footnote 11 – to elaborate on the meaning of ‘any other cost’ in the explanation of business...
by admin | Jul 25, 2018 | Income Tax, Tech News
When the following specified nature of payments paid to non-resident companies by a person attracts withholding tax. The rate of withholding tax will depends on nature of these payments: Interest, commission, fee in connection with any loan or indebtedness; Royalty...
by admin | Jul 22, 2018 | Income Tax, Tech News
On 9 July 2018, the Inland Revenue Authority of Singapore (IRAS) has updated the Second Edition the e-Tax Guide to Income Tax Treatment of Real Estate Investment Trust Exchange-Traded Funds to replace the first edition that was published on 12 April 2018. This e-Tax...
by admin | Jul 21, 2018 | Goods and Services Tax, Tech News
GST-registered businesses may claim GST incurred before registering for GST and also before incorporation provided certain conditions are met. On 18 July 2018, the Inland Revenue of Singapore (IRAS) have updated the Third Edition of the e-Tax Guide, GST:...
