by admin | Aug 4, 2025 | Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued an Advance Ruling (Income Tax) Summary No. 16/2025 clarifying the tax treatment of gains arising from the intra-group transfer of long-held investment properties. The ruling addresses a specific case...
by admin | Aug 4, 2025 | Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a significant advance ruling concerning the application of economic substance requirements under Section 10L of the Income Tax Act 1947 to a special purpose vehicle (SPV) structure in Advance Ruling (Income...
by admin | Aug 3, 2025 | Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued an Advance Ruling (Income Tax) Summary No. 15/2025, clarifying that the endorsement of promissory notes to settle intercompany interest receivables does not trigger the “received in Singapore”...
by admin | Jul 31, 2025 | Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has confirmed an extension of the Year of Assessment (YA) 2025 Corporate Income Tax (CIT) Rebate cash grant, introducing a critical “active company” requirement tied to the grant’s disbursement. To...
by admin | Jul 26, 2025 | Accounting, Tech News
The IFRS Foundation has published a set of near-final examples designed to assist companies in providing clearer, more consistent disclosures about significant uncertainties within their financial statements. Leveraging climate-related scenarios for practical...
by admin | Jul 16, 2025 | Accounting, Goods and Services Tax, Income Tax, Tech News
Over 60 countries have mandated e-invoicing or digital tax reporting frameworks, with global adoption projected to near universality by 2030. This shift promises enhanced tax compliance, reduced administrative burdens, and real-time transaction visibility for...
