by admin | Sep 10, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Singapore Parliament has taken a decisive step towards implementing the OECD/G20 global minimum tax regime with the first reading of the Multinational Enterprise (Minimum Tax) Bill (Bill No. 33/2024) on 9 September 2024. This pivotal legislation aims to transpose...
by admin | Sep 7, 2024 | Accounting, Income Tax, Tech News
The IFRS Foundation has released significant updates to its digital resources, including critical materials for upcoming September meetings and recent technical publications. Accounting professionals, standard-setters, and financial reporters should note the following...
by admin | Sep 5, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) and Infocomm Media Development Authority (IMDA) have finalized a phased mandate for InvoiceNow, Singapore’s PEPPOL-based e-invoicing network. The move aims to digitize tax compliance and streamline business processes,...
by admin | Sep 3, 2024 | Accounting, Income Tax, Tech News
The Ministry of Finance (MOF) has published its detailed responses to feedback received during the public consultation on the draft Income Tax (Amendment) Bill 2024, conducted earlier this year. The responses address significant proposed changes to Singapore’s...
by admin | Sep 2, 2024 | Accounting, Income Tax, Tech News
The Ministry of Finance (MoF) has released its comprehensive responses to the public consultation feedback received on the draft Multinational Enterprise (Minimum Tax) Bill and its accompanying subsidiary legislation. The consultation, which sought input from...
by admin | Aug 31, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has published a proposed update to the IFRS Accounting Taxonomy 2024, integrating new and amended IFRS Standards finalized earlier this year. The taxonomy aims to standardize digital financial reporting under IFRS,...
