by admin | Aug 8, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Monetary Authority of Singapore (MAS) has introduced a mandatory requirement for screening reports to accompany all new applications for key tax incentives made by family office-managed fund vehicles, effective 1 October 2024. Key Details: New Mandatory...
by admin | Aug 2, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has taken a significant step towards improving the transparency of financial reporting concerning climate-related and other uncertainties. On 31 July 2024, the Board issued a consultation document outlining eight...
by admin | Jul 31, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has published an Exposure Draft (ED) outlining targeted amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures, aiming to further simplify financial reporting for eligible entities. The...
by admin | Jul 27, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has issued a significant proposal to amend IAS 21 The Effects of Changes in Foreign Exchange Rates. The Exposure Draft (ED/2024/4) addresses the translation of financial statements when the presentation currency is...
by admin | Jul 25, 2024 | Accounting, Income Tax, Tech News
The Singapore Accounting Standards Committee (ASC), operating under the Accounting and Corporate Regulatory Authority (ACRA), has formally responded to proposed international accounting rules for renewable electricity contracts, offering conditional support while...
by admin | Jul 25, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has concluded critical technical deliberations on three significant projects, paving the way for new standards implementation and affirming the effectiveness of existing guidance. IFRS for SMEs: Third Edition...
