by admin | Sep 5, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued updated guidance clarifying that certain cash rebates received from suppliers are subject to GST. The authority asserts that such rebates are not mere discounts but constitute consideration for a separate...
by admin | Sep 3, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) published significant updates on 2 September 2025 to its e-Tax guide, “Conditions for Claiming Input Tax.” This release provides critical clarifications on the deductibility of Input GST for a range of...
by admin | Sep 3, 2025 | Accounting, Income Tax, Tech News
The Income Tax (Refundable Investment Credits) Regulations 2025 were formally gazetted on 1 September 2025 and are now in effect. This provides the critical operational and computational framework for the new Refundable Investment Credit (RIC) regime, as previously...
by admin | Sep 3, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released an updated and detailed directory of recognised Centres of Innovation (COIs). This list is critical for accountants and tax advisors assisting clients with compliance under the Enterprise Innovation Scheme...
by admin | Sep 2, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has published an advance ruling (Summary 17/2025) clarifying the application of the Qualifying Investor test under the Section 13O tax incentive scheme for a multi-tier, wholly Singaporean corporate structure. Case...
by admin | Sep 2, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has published an advance ruling clarifying that unrealized revaluation gains on overseas investment shares are not subject to tax under Section 10L of the Income Tax Act 1947 when distributed in specie during a...
