by admin | Jun 26, 2024 | Accounting, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has formally issued the annual Section 68(2) Notice to Employers for the year 2024. Published in the Government Gazette on 21 June 2024, the notice mandates all employers operating in Singapore, including non-resident...
by admin | Jun 26, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has published updated guidance clarifying the responsibilities of financial account holders under international tax compliance frameworks, the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard...
by admin | Jun 26, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has highlighted crucial temporary relief procedures for Reporting Singapore Financial Institutions (SGFIs) facing challenges in obtaining US Taxpayer Identification Numbers (US TINs) for pre-existing accounts under the...
by admin | Jun 21, 2024 | Accounting, Income Tax, Tech News
The IFRS Foundation has published significant updates across its digital platforms, including new technical materials and agenda details for upcoming advisory group meetings. Key developments include: ISSB Updates & Podcast: The International Sustainability...
by admin | Jun 19, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released significant updates to its e-Tax Guide: Transfer Pricing Guidelines (Sixth Edition), effective 14 June 2024. The revisions incorporate recent amendments to the Income Tax (Transfer Pricing Documentation)...
by admin | Jun 12, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Ministry of Finance (MOF) has launched a public consultation seeking feedback on two significant tax bills: the draft Multinational Enterprise (Minimum Tax) Bill and the draft Income Tax (Amendment) Bill 2024. The consultation window runs from 10 June 2024 to 5...
