by admin | Jul 16, 2026 | Accounting, Income Tax, Tech News
The International Accounting Standards Board (IASB) has proposed amendments to the IFRS Accounting Taxonomy 2025. The changes are intended to support structured digital reporting under IFRS 20, recent amendments to IAS 21 and the revised disclosure requirements in...
by admin | Jul 15, 2026 | Accounting, Income Tax, Tech News
Singapore’s Multinational Enterprise Top-up Tax and Domestic Top-up Tax apply for financial years beginning on or after 1 January 2025. For affected multinational groups, the immediate priority is no longer registration alone, but the establishment of a reliable...
by admin | Jul 14, 2026 | Accounting, Artificial Intelligence (AI), Tech News
The development of agentic artificial intelligence is expanding the role of AI from generating content and analysis to initiating transactions, accessing multiple systems and completing multi-step business processes. For finance functions, this creates opportunities...
by admin | Jul 12, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (“IRAS”) has taken a closer look at arrangements under which high-income individuals provide services through private companies while receiving relatively low remuneration personally. IRAS has reportedly identified 279...
by admin | Jul 11, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has expanded its guidance on payments to non-resident companies for technical and management services under sections 12(7)(b) and 12(7)(c) of the Income Tax Act 1947. The updated guidance explains how the place where...
by admin | Jul 10, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has updated the explanatory notes for its Foreign Income Tracking Schedule to clarify the supporting-document retention obligations for companies. Records relating to foreign income must generally be kept for five years...
