by admin | Oct 14, 2024 | Accounting, Employment, Income Tax, Tech News
Significant changes to the tax treatment of platform workers are imminent following the assent of the Platform Workers Act 2024 on 30 September 2024. The Act amends the Income Tax Act 1947 and establishes a new employment classification for platform workers, situated...
by admin | Oct 12, 2024 | Accounting, Income Tax, Tech News
The IFRS Foundation has published significant updates across its digital platforms, featuring critical resources for accounting professionals, regulators, and stakeholders. Key additions include exposure draft analyses, governance meeting materials, and...
by admin | Oct 10, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has significantly bolstered its suite of voluntary compliance programmes, introducing two key frameworks—the Tax Governance Framework (TGF) and the Corporate Income Tax Risk Management and Control Framework (CTRM)—to...
by admin | Oct 9, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has significantly expanded its eGIRO online application service, now enabling corporate taxpayers to enrol digitally for automated tax payments via the myTax Portal. This enhancement streamlines payment processes for...
by admin | Oct 5, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
In a significant step towards implementing the global minimum tax framework, the Inland Revenue Authority of Singapore (IRAS) has launched a public consultation on two critical sets of subsidiary legislation: the proposed Multinational Enterprise (Minimum Tax) (GloBE...
by admin | Oct 4, 2024 | Accounting, Income Tax, Tech News
The Accounting Standards Committee (ASC) has released significant amendments to the Singapore Financial Reporting Standards (International) [SFRS(I)], setting effective dates for 2026 and 2027. Entities are urged to commence impact assessments and transition planning...
