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Overview to Budget 2021 (2) Business and Corporate tax

by admin | Feb 17, 2021 | Company Law, Tech News

Extend the Year of Assessment (“YA”) 2020 enhancements to the carry-back relief scheme The enhancements to the carry-back relief scheme for YA2020 will be extended to apply to qualifying deductions for YA2021, with the same parameters. With this extension, the...

Overview to Budget 2021 (1) Support for workers and businesses

by admin | Feb 17, 2021 | Employment, Income Tax, Tech News

On or about 16 Feb 2021, Deputy Prime Minister and Minister for Finance, Mr. Heng Swee Keat has in his Budget Statement for the Financial Year 2021 make the following tax changes announcement, The full Budget Speech package is available at the Singapore Budget...

Webinar on Explaining the ED Regulatory Assets and Regulatory Liabilities

by admin | Feb 16, 2021 | Accounting, Tech News

On or about 15 February 2021, the IFRS Foundation announced that it will hold a live webinar on the International Accounting Standards Board’s (IASB) consultation on regulatory assets and regulatory liabilities. The webinar is scheduled to held on Wednesday 24...

February 2021 IFRS Advisory Council agenda and agenda papers available

by admin | Feb 13, 2021 | Accounting, Tech News

On or about 12 February 2021, the agenda papers and the agenda for the IFRS Advisory Council meeting to be held on 23 February 2021 were made available by IFRS. The topics to be discussed are: Update on the International Accounting Standards Board’s work...

Call for research proposals to inform the IASB’s planned post-implementation reviews of 3 IFRS Standards

by admin | Feb 13, 2021 | Accounting, Tech News

On or about 12 February 2021, the IFRS Foundation invites academic proposals for research projects relating to the application of the disclosure requirements in IFRS 15 Revenue from Contracts with Customers or the application of the disclosure requirements in IFRS 7...

IASB issued narrow-scope amendments to IAS 1 and IFRS Practice Statement 2 and IAS 8

by admin | Feb 13, 2021 | Accounting, Tech News

On or about 12 February 2021, the International Accounting Standards Board (IASB) has issued a narrow-scope amendments to the IFRS Standards. The amendments will help companies: improve accounting policy disclosures so that they provide more useful information to...
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Recent Posts

  • Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12
  • Pension Benefits that Depend on Asset Return
  • The ASC submitted comments on Non-current Liabilities with Convenants and Supplier Finance Arrangement
  • Lessor Forgiveness of Lease Payments (IFRS 9 and IFRS 16)
  • Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17)

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