by admin | Jan 13, 2020 | Income Tax, Tech News
Robin Hood tax may be implemented to have higher taxes for successful businesses and individuals, however, it may not be a good idea in the case for Singapore. (Populist policies will lead to higher taxes: DBS Chief, Jan 10). Raising taxes will just move them to other...
by admin | Jan 9, 2020 | Income Tax, Tech News
On or about 2 January 2020, the Inland Revenue Authority of Singapore (IRAS) has launched a new initiative for tax agents be authorised by their individual clients to access their income tax matters via myTax Portal. Under the new initiative from 15 March 2019, a tax...
by admin | Jan 8, 2020 | Goods and Services Tax, Tech News
On or about 8 January 2020, the Inland Revenue Authority of Singapore has updated its webpage regarding GST on imported services. GST is a tax on local consumption. Under the current GST rules, services (other than an exempt supply) supplied by a supplier who belongs...
by admin | Jan 7, 2020 | Goods and Services Tax, Tech News
On or about 7 January 2020, the Inland Revenue Authority of Singapore (IRAS) has updated its website with general tips and instructions on completing GST F5 Return. The instructions for filing GST F5 Returns are as follows: GST F5 Return has fifteen boxes the taxpayer...
by admin | Jan 7, 2020 | Goods and Services Tax, Tech News
On or about 7 January 2020, the Inland Revenue Authority of Singapore (IRAS) has introduced for GST returns ending on or after 1 January 2020 to include two new boxes (Box 14 and Box 15), arise from the implementation of Reverse Charge (RC) and Overseas Vendor...
by admin | Jan 5, 2020 | Accounting, Tech News
On or about 4 December 2019, the Accounting Standards Council (ASC), Singapore, has issued amendments to the FRSs on financial instruments in respect of hedge accounting requirements. The amendments, Amendments to SFRS(I) and FRS Standards: Interest Rate Benchmark...
