by admin | Oct 3, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released a significant Advance Ruling Summary No. 5/2024, clarifying the income tax characterisation of subordinated perpetual securities. This ruling addresses critical questions for issuers and investors regarding...
by admin | Oct 2, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has formally concluded its Post-Implementation Review (PIR) of IFRS 15 Revenue from Contracts with Customers (known as SFRS(I) 15 in Singapore), issuing a positive verdict that the standard is meeting its objectives...
by admin | Oct 2, 2024 | Accounting, Goods and Services Tax, Tech News
Significant amendments to Singapore’s Goods and Services Tax (GST) regulations concerning public agency supplies came into effect yesterday, 1 October 2024. The Goods and Services Tax (Non-taxable Public Agency Supplies) (Amendment No. 2) Order 2024 officially...
by admin | Sep 28, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a formal reminder to all incorporated entities regarding the compulsory filing of Year of Assessment (YA) 2024 Corporate Income Tax Returns. The submission deadline is 30 November 2024, with no exceptions for...
by admin | Sep 25, 2024 | Accounting, Income Tax, Tech News
In a significant move responding to global stakeholder demand, the International Accounting Standards Board (IASB) has formally initiated a research project focused on reviewing and improving the reporting requirements for the statement of cash flows and related...
by admin | Sep 25, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has launched a public consultation on proposed amendments to IAS 28 Investments in Associates and Joint Ventures. The changes aim to enhance the application of the equity method and provide stakeholders with improved...
