by admin | Mar 31, 2018 | Accounting, Tech News
On 2 April 2018, the Accounting Standards Council (ASC) invites comments on Exposure Draft ED/2018/1 Accounting Policy Changes (Proposed amendments to IAS 8) for submission to the International Accounting Standards Board (IASB). All comments must be submitted to the...
by admin | Mar 29, 2018 | Goods and Services Tax, Tech News
On 21 March 2018, the Enterprise Singapore Board Act 2018 (Commencement) Notification 2018 (S 171/2018) was published in the Government Gazette (electronic edition). The Enterprise Singapore Board Act 2018, except sections 64, 65, 67(2) and 70, comes into operation on...
by admin | Mar 12, 2018 | Accounting, Company Law, Tech News
KEY LEGISLATIVE AMENDMENTS THAT ARE EFFECTIVE FROM 31 MARCH 2017 Improving the transparency of companies and LLPs The Companies (Amendment) Act 2017 and the Limited Liability Partnership (Amendment) Act 2017 introduces the following new requirements: (1) To maintain...
by admin | Mar 10, 2018 | Accounting, Tech News
On 9 March 2018, the Accounting Standards Council (ASC) issued Singapore Financial Reporting Standard for Small Entities – Q&A Section 12, Issue 1 on Accounting for financial guarantee contracts in individual or separate financial statements of issuer. The...
by admin | Mar 10, 2018 | Accounting, Tech News
On 9 March 2018, the Accounting Standards Council (ASC) issued Annual Improvements to Singapore Financial Reporting Standards (International) 2015–2017 Cycle and Improvement to Financial Reporting Standards (FRSs) (March 2018) which are effective for annual periods...
by admin | Mar 9, 2018 | Goods and Services Tax, Tech News
The Finance Minister has announced in his 2018 Budget that goods and services tax (GST) on imported services will be introduced from 1 January 2020. When this is effective, reverse charge supplies would also count when considering whether the taxable turnover of the...
