Technology Is Reshaping Accounting — But Professional Judgement Remains at the Centre
Technology is changing how accounting firms operate, deliver services and manage professional work. The key challenge is no longer whether to adopt digital tools, but how to use them effectively while preserving professional judgement, accountability, security and...
Embedding AML & KYC into Client Onboarding: Practical Considerations
For accounting firms, effective AML and KYC compliance increasingly depends on how well the requirements are embedded into the ordinary client onboarding and engagement process. The main practical challenge is not simply collecting identification documents, but...
Five Practical Lessons on AI in Audit and Financial Reporting
Artificial intelligence is increasingly being incorporated into audit, financial reporting and other professional workflows. While AI can improve efficiency, support data analysis and reduce time spent on repetitive tasks, its use does not alter the fundamental...
Intra-Group Services: Transfer Pricing, Deductibility and Withholding Tax Implications
Singapore businesses making or receiving intra-group service charges should assess transfer pricing, corporate income tax deductibility and withholding tax as separate compliance questions. A charge may be supportable under the arm’s-length principle but still fail...
e-Tax Guide Updates on Common Reporting Standard
IRAS has revised its Common Reporting Standard (CRS) e-Tax Guide following amendments to Singapore’s CRS regulations. The revised framework broadens the types of financial products covered, strengthens customer due diligence requirements and introduces more detailed...
IFRS S2 Puts Financial Connectivity at the Centre of Climate Reporting
Entities applying IFRS S2 must explain how climate-related risks and opportunities affect their financial position, performance, cash flows, strategy and business prospects. Sustainability disclosures should therefore align with the assumptions, estimates and amounts...
e-Tax Guide on Crypto-Asset Reporting Framework
The Inland Revenue Authority of Singapore (IRAS) has issued an e-Tax Guide setting out the implementation requirements for Singapore’s Crypto-Asset Reporting Framework (CARF), following the introduction of the Income Tax (International Tax Compliance Agreements)...
IRAS Updates Access and Payment Process for Copies of Tax Assessments
The Inland Revenue Authority of Singapore (IRAS) has clarified the procedures for obtaining Notices of Assessment (NOAs) and updated the payment arrangements for document search and copy fees. Taxpayers may retrieve their current and historical individual income tax...
Updates GST Major Exporter Scheme Guide with AEC Contact Information
The Inland Revenue Authority of Singapore (IRAS) updated its GST: Major Exporter Scheme (MES) e-Tax Guide on 3 August 2026. The latest amendment adds a new Appendix F containing contact details for Air Express Companies (AECs) that may declare import permits using an...
Guidance for YA 2026 Corporate Income Tax Filing by IRAS
The Inland Revenue Authority of Singapore (IRAS) has published its guidance for the Year of Assessment (YA) 2026 Corporate Income Tax filing season. Companies required to file their YA 2026 Corporate Income Tax Return should submit the return electronically through...