by admin | Nov 14, 2024 | Accounting, Income Tax, Tech News
The Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill 2024 (Bill 41/2024) cleared its second parliamentary reading on 11 November 2024, marking a significant step toward modernizing Singapore’s investment and tax relief framework under the...
by admin | Nov 14, 2024 | Accounting, Income Tax
Significant momentum is building behind the International Sustainability Standards Board (ISSB) Standards, with over 1,000 companies now referencing them in disclosures and 30 jurisdictions actively progressing towards embedding them within legal and regulatory...
by admin | Nov 13, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has published an Exposure Draft (ED/2024/5), Targeted Improvements to the Requirements for Provisions, Contingent Liabilities and Contingent Assets, initiating a consultation to enhance the recognition and...
by admin | Nov 8, 2024 | Accounting, Income Tax, Tech News
Group companies must prioritize Operational Transfer Pricing (OTP) to effectively implement transfer pricing (TP) policies, ensure financial statement accuracy, and withstand increasing global tax scrutiny, emphasized industry leaders at a recent Singapore Chartered...
by admin | Nov 6, 2024 | Accounting, Income Tax, Tech News
In a significant ruling impacting airport operators and tax treatment of infrastructure assets, the Singapore High Court has determined that runways, taxiways, and aprons (RTA) constitute “structures” for income tax purposes, not “plant.” This...
by admin | Nov 5, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has launched a critical stakeholder survey as part of its comprehensive review of accounting standards for intangible assets. Investors, companies, auditors, and other interested parties are urged to participate....
