The Delhi Bench of the Income-tax Appellate Tribunal (ITAT) has ruled that operational costs incurred by a foreign head office (HO) and cross-charged to its Indian branch (permanent establishment, PE) are deductible in computing the PE’s taxable profits in India,...

The Inland Revenue Authority of Singapore (IRAS) has announced the implementation timeline for the "Apply for Enterprise Innovation Scheme (EIS) Cash Payout" digital service for the Year of Assessment (YA) 2026. Professionals should note the critical, entity-specific...

The Inland Revenue Authority of Singapore (IRAS) has flagged critical updates to the OECD’s technical FAQs for the Amended Common Reporting Standard (CRS) and the new Crypto-Asset Reporting Framework (CARF). Released in December 2025, this guidance demands immediate...

The Accounting and Corporate Regulatory Authority (ACRA) has published a report outlining the outcomes of its 2025 review of the Audit Quality Indicators (AQI) Disclosure Framework and the corresponding enhancements to the Framework. Background and purpose of AQIs...

The Accounting and Corporate Regulatory Authority (ACRA) has released the 2026 volume of the Singapore Financial Reporting Standards (International) (SFRS(I)s), applicable to annual reporting periods beginning on or after 1 January 2026. The SFRS(I) framework...

The Inland Revenue Authority of Singapore (IRAS) has announced a procedural update with significant implications for entities making cross-border payments. A new "Request for Extension to Submit Certificate of Residence" form is now available, introducing a formalised...

The Inland Revenue Authority of Singapore (IRAS) has issued a substantive update to its e-Tax Guide, "Tax Framework for Transfer of Business by Insurers." The amendments, effective 9 January 2026, introduce critical administrative flexibilities and clarify procedural...

The Inland Revenue Authority of Singapore (IRAS) has issued critical clarifications on the application of the section 13(12) and 13(12A) income tax exemptions, specifically addressing the interaction with the Global Anti-Base Erosion (GloBE) rules. The guidance,...

The Inland Revenue Authority of Singapore (IRAS) issued an updated e-Tax Guide on 7 January 2026, providing critical clarifications for the implementation of the Multinational Enterprise (Minimum Tax) Act 2024 (MMTA). The update confirms Singapore’s regime has...