by admin | Aug 31, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released a significant Advance Ruling (Individual Income Tax) Summary No. 1/2024, clarifying the tax treatment of business transfers by limited liability partnerships (LLPs) to companies. This ruling addresses a...
by admin | Aug 24, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has completed the disbursement of the Corporate Income Tax (CIT) Rebate cash grant. Eligible tax resident and non-tax resident companies were credited with the S$2,000 grant by 25 August 2024. Expanded Eligibility...
by admin | Aug 23, 2024 | Accounting, Income Tax, Tech News
The IFRS Foundation has announced significant updates to its online platform, enhancing resources for accounting professionals, regulators, and stakeholders. The latest additions include crucial governance documents, technical guidance, and multimedia content. Key...
by admin | Aug 22, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced several significant updates to its website, including the introduction of new case escalation forms, the expansion of its international exchange relationships, and revisions to key income tax and GST forms...
by admin | Aug 17, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has published a proposed update to the IFRS Accounting Taxonomy 2024 specifically addressing the digital reporting of renewable electricity contracts. This initiative directly supports forthcoming amendments to IFRS...
by admin | Aug 9, 2024 | Accounting, Income Tax, Tech News
Singapore’s reclaim of the world’s #1 competitive economy ranking (IMD World Competitiveness Survey) is significantly attributed to its strategic embrace of Artificial Intelligence (AI). With 45% of businesses actively using AI and another 38% planning near-term...
