by admin | Feb 13, 2021 | Accounting, Tech News
On or about 12 February 2021, the International Accounting Standards Board (IASB) has issued narrow-scope amendments to the IFRS Standards to improve accounting policy disclosures and distinguish changes in accounting estimates from changes in accounting policies. The...
by admin | Feb 10, 2021 | Accounting, Auditing, Tech News
On or about 7 Feb 2021, the Institute of Singapore Chartered Accountants (ISCA) has set up the ISCA Support Fund, worth $8 million, to help the accountancy profession and small and medium practices (SMPs) and small- and medium-sized accounting firms build resilience...
by admin | Feb 3, 2021 | Income Tax, Tech News
On or about 1 Feb 2021, the Inland Revenue Authority of Singapore (IRAS) has published an Income Tax Advance Ruling Summary No. 2/2021 with regards to “Trigger point on the remittance rules under section 10(25) of the Income Tax Act “. The subject was...
by admin | Jan 21, 2021 | Accounting, Tech News
On or about 19 Jan 2021, the International Financial Reporting Standards (IFRS) released the meeting summary from the Accounting Standards Advisory Forum meeting which was held on 10 December 2020. The topics for discussion were: Rate-regulated...
by admin | Jan 14, 2021 | Accounting, Tech News
On or about 13 January 2021, the IFRS Foundation has published an educational material to support consistent application of IFRS Standards, brings together the requirements in IFRS Standards relevant for going concern assessments, and does not change, or add to,...
by admin | Jan 6, 2021 | Income Tax, Tech News
On or about 4 Jan 2021, the Inland Revenue Authority of Singapore (IRAS) has published an Income Tax Advance Ruling Summary No. 1/2021 with regards to “Related party for Singapore transfer pricing purposes”. The subject was whether Company A (“Co A”) is...
