by admin | Apr 19, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has confirmed the activation schedule for its digital corporate income tax filing services for the Year of Assessment (YA) 2024. Companies can begin submitting their returns electronically from 1 July 2024. The services...
by admin | Apr 18, 2024 | Accounting, Income Tax, Tech News
Persistent global supply chain disruptions are compelling multinational enterprises (MNEs) to fundamentally reassess transfer pricing (TP) models. Events including the COVID-19 pandemic, US-China trade tensions, and Red Sea instability have exposed systemic...
by admin | Apr 18, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced amendments to several key notifications governing tax exemptions for specific interest and other payments made to non-residents. These changes, enacted under Section 13(4) of the Income Tax Act 1947 (ITA),...
by admin | Apr 18, 2024 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) and the Infocomm Media Development Authority (IMDA) have announced a phased mandate requiring all Goods and Services Tax (GST)-registered businesses to adopt the InvoiceNow network for transmitting e-invoice data to...
by admin | Apr 17, 2024 | Accounting, Income Tax, Tech News
Significant amendments to Singapore’s Income Tax Act 1947 (ITA) and related subsidiary legislation came into effect on 12 April 2024, operationalizing a framework to delegate specific tax incentive administration functions to designated public bodies. This...
by admin | Apr 13, 2024 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has issued IFRS 18 Presentation and Disclosure in Financial Statements, a significant new standard designed to improve the transparency, comparability, and usefulness of financial performance information for...
