Key Updates to the ACRA Audit Quality Indicators (AQI) Disclosure Framework
The Accounting and Corporate Regulatory Authority (ACRA) has completed a comprehensive review of its Audit Quality Indicators (AQI) Disclosure Framework, introducing several significant updates. The revised framework, which takes effect for audits with financial years...
IRAS Advance Ruling Confirms Capital Treatment for Related-Party Property Disposal
Singapore’s Inland Revenue Authority of Singapore (IRAS) has published Advance Ruling Summary No. 4/2026, addressing the tax treatment of gains arising from the sale of a company’s office property to a related party . Background of the Application Company A, a...
Board Grants Leave to Introduce New Grounds of Appeal in Capital Allowance Dispute
In a published decision that provides practical guidance on appeal procedure, the Income Tax Board of Review (the "Board") has addressed the requirements for introducing new grounds of appeal in a tax dispute concerning capital allowance claims for a cement silo....
Strengthening Data Protection Compliance – Key Considerations
The regulatory landscape for personal data protection in Singapore continues to evolve, with increasing emphasis on organisational accountability, proactive compliance, and robust breach management. Following a comprehensive review of current PDPA requirements and...
IRAS sets 18 April 2026 Deadline for Individual Income Tax Returns
The Inland Revenue Authority of Singapore (IRAS) has announced that the filing deadline for the Year of Assessment (YA) 2026 individual income tax returns is 18 April 2026. The requirement applies to all resident individuals whose income exceeded S$22,000 or whose net...
IRAS Mandates InvoiceNow for All GST-Registered Businesses by 2031
In a significant expansion of its digital tax administration, the Inland Revenue Authority of Singapore (IRAS) has announced that all GST-registered businesses must onboard the InvoiceNow network and transmit invoice data directly to IRAS by 1 April 2031 . The...
Enhancing GST Compliance through the Assisted Self-Help Kit (ASK)
Following a comprehensive review of the Inland Revenue Authority of Singapore’s (IRAS) Assisted Self-Help Kit (ASK), this technical note outlines the key components, processes, and common pitfalls associated with the tool. The ASK is designed to guide GST-registered...
Comparative Analysis of Family Office Regimes
Following a comprehensive review of the evolving landscape for family offices, this technical note synthesises the key regulatory, tax, and structural considerations across three leading jurisdictions: Singapore, Hong Kong, and the United Arab Emirates (UAE). The...
ACRA Mandates Updated XBRL Tools by 15 April 2026
The Accounting and Corporate Regulatory Authority (ACRA) has released updated versions of its BizFinx Preparation Tool (Preptool) and Multi-Upload Tool (MUT), effective 25 February 2026. Entities and corporate service providers are required to transition to these...
Enhancing Confidence in AI through Assessments
As artificial intelligence (AI) scales across the global economy, the need to ensure its safe, reliable, and effective deployment has become paramount. While the potential economic impact is substantial—with generative AI alone projected to add up to US$3.4 trillion...