by admin | May 16, 2025 | Accounting, Auditing, Company Law, Income Tax, Tech News
Significant regulatory changes are imminent for Corporate Service Providers (CSPs) operating in Singapore. Effective 9 June 2025, the newly enacted Corporate Service Providers Act (CSP Act) imposes mandatory registration and stringent compliance obligations on all...
by admin | May 15, 2025 | Accounting, Auditing, Tech News
The IFRS Foundation has released a significant revision to its educational material supporting the application of going concern requirements under IFRS Standards. This update ensures the guidance reflects the latest developments, most notably the introduction of IFRS...
by admin | May 14, 2025 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a reminder to Goods and Services Tax (GST)-registered businesses regarding common errors identified during its audit programme, particularly targeting entities with low-value GST refund claims. A key...
by admin | May 10, 2025 | Accounting, Income Tax, Tech News
In a significant ruling for financial sector incentive (FSI) companies, the Singapore Income Tax Board of Review (the Board) has determined that losses incurred on the redemption of redeemable preference shares (RPS) do not constitute losses derived from...
by admin | May 8, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has activated its e-filing services for corporate Income Tax Returns for the Year of Assessment (YA) 2025. Taxpayers can now electronically submit Form C, Form C-S, and Form C-S (Lite) for YA 2025 via the myTax Portal....
by admin | May 7, 2025 | Accounting, Auditing, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has enhanced its digital services with a new chatbot function allowing companies and tax agents to instantly check corporate income tax filing and assessment statuses. Integrated into the existing “Chat with...
