Singapore Aligns DTA Interpretation with OECD 2026 Model Tax Convention
by admin | Feb 6, 2026 | Accounting, Auditing, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released substantive amendments to its e-Tax Guide, “Avoidance of Double Taxation Agreements”, introducing critical clarifications on permanent establishment determinations, beneficial ownership requirements, and...
Navigating Recent Changes in Individual Income Tax and CPF Rules
by admin | Feb 5, 2026 | Accounting, Income Tax, Tech News
Following the recent release of updated regulations and system enhancements by the Inland Revenue Authority of Singapore (IRAS), we are pleased to provide a technical summary of the key changes affecting individuals, employers, and intermediaries for the Year of...
IRAS Updates CRS Jurisdiction Lists
by admin | Feb 4, 2026 | Accounting, Auditing, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has published revised lists of Reportable Jurisdictions and Participating Jurisdictions for Common Reporting Standard (CRS) purposes, introducing new compliance obligations for Singaporean Financial Institutions (SGFIs)...
IRAS Streamlines ACAP Renewal Framework and Mandates Digital Declaration
by admin | Feb 1, 2026 | Accounting, Auditing, Goods and Services Tax, Tech News
From 1 February 2026, the Inland Revenue Authority of Singapore (IRAS) has implemented material administrative changes to the Assisted Compliance Assurance Programme (ACAP). The revisions—detailed in the fifth and sixth editions of the respective e-Tax Guides issued...
IRAS Refines Valuation Requirements for IP Tax Allowances (s19B claims)
by admin | Feb 1, 2026 | Accounting, Auditing, Income Tax, Tech News
In a move to enhance certainty for businesses claiming writing-down allowances on intellectual property rights (IPRs), the Inland Revenue Authority of Singapore (IRAS) has issued critical clarifications to its e-Tax Guide. The update, released on 30 January 2026,...
IRAS Updates Group Relief System and Highlights Common Filing Errors
by admin | Feb 1, 2026 | Accounting, Auditing, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released a revised e-Tax Guide for the "Group Relief System" on 30 January 2026, introducing critical updates for corporate taxpayers. For accounting and finance professionals, the revisions signal a need for...
IRAS Makes InvoiceNow a Legal Condition for GST Voluntary Registration
by admin | Jan 31, 2026 | Accounting, Auditing, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a new e-Tax Guide on 30 January 2026, formalizing the conditions for Goods and Services Tax (GST) voluntary registration that now carry the force of law. For accountants and finance professionals, the most...
IRAS Elevates Selected e-Tax Guide Conditions to Legally Binding Status
by admin | Jan 31, 2026 | Accounting, Auditing, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has updated several key e-Tax Guides to formally prescribe that specific conditions and requirements outlined within them now carry the force of law. Effective 30 January 2026, this change elevates what were previously...
IRAS Clarifies Comptroller’s Conditions under GST Schemes
by admin | Jan 31, 2026 | Accounting, Auditing, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) updated several e-Tax Guides on 30 January 2026 to provide crucial clarity on the legal status of administrative conditions. The tax authority confirmed that specific conditions and requirements prescribed by the...
Understanding the Accounting and Financial Dynamics of Credit Card Transactions
by admin | Jan 30, 2026 | Accounting, Auditing, Tech News
This technical note summarizes the key financial and accounting mechanics underlying credit card transactions. For many businesses and professionals, credit cards are a routine part of daily life, yet the complex ecosystem and associated accounting implications often...