OECD Releases New Pillar Two Safe Harbours, Easing Compliance for Multinationals
by admin | Jan 6, 2026 | Accounting, Income Tax, Tech News
The OECD/G20 Inclusive Framework has announced significant simplifications to the Global Anti-Base Erosion (GloBE) Rules under Pillar Two. The newly agreed safe harbours, detailed in a 5 January 2026 Side-by-Side Package, aim to reduce administrative burdens for...
IRAS Sets 2026 Indicative Margin for Related Party Loans
by admin | Jan 3, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has established the prescribed indicative margin for related party loans at +180 basis points (1.80%) for the 2026 calendar year. This margin, referenced to Risk-Free Rates (RFRs), serves as a critical benchmark for...
IRAS Rules on Branch Profit Repatriation Using Foreign-Sourced Dividends
by admin | Jan 3, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued an advance ruling (Summary 1/2026) clarifying a critical procedural aspect of Section 10(25) of the Income Tax Act 1947. The case involves a Singapore branch (SG Branch) of a foreign-incorporated,...
IRAS Clarifies Economic Substance Test for Non-Pure Equity Holding Companies
by admin | Jan 3, 2026 | Accounting, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has issued an advance ruling (Summary No. 3/2026) clarifying the application of Section 10L economic substance requirements to investment holding entities. The ruling addresses a common practical issue: the eligibility of...
IRAS Ruling Clarifies Economic Substance for Non-Pure Equity Holding Entities
by admin | Jan 2, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued an advance ruling (Summary No. 2/2026) addressing the application of Section 10L economic substance requirements for an entity that is not a Pure Equity-Holding Entity (PEHE). This provides critical guidance...
IRAS Releases Eighth Edition of Transfer Pricing Guidelines: Key Implications for Taxpayers
by admin | Jan 1, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has promulgated the eighth edition of its Transfer Pricing Guidelines (STPG 8th Ed), effective from 19 November 2025. The update refines Singapore’s alignment with OECD standards and introduces significant operational...
Final Regulatory Framework for Multinational Minimum Tax: Key Implications
by admin | Dec 31, 2025 | Accounting, Income Tax, Tech News
The operational framework for the jurisdiction’s implementation of the OECD Pillar Two global minimum tax rules has been formally completed. The Multinational Enterprise (Minimum Tax) (Administrative Matters) Regulations 2025 and the (Amendment No. 2) Regulations 2025...
IRAS Releases Registration Form for Multinational Enterprise (Minimum Tax) Act 2024
by admin | Dec 31, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has published the prescribed Form for Registration under the Multinational Enterprise (Minimum Tax) Act 2024 (MMTA). This form initiates the formal compliance process for MNE groups subject to Singapore’s Pillar Two...
Extension and Enhanced Tier for Insurance Tax Incentive Schemes
by admin | Dec 31, 2025 | Accounting, Income Tax, Tech News
The Ministry of Finance has enacted amendments to key insurance sector tax regulations, extending critical incentive schemes and introducing a new concessionary tax tier. The changes impact the Income Tax (Exemption and Concessionary Tax Rate) Regulations for Life...
Singapore’s FY2026 Budget Statement – Schedule & Professional Anticipation
by admin | Dec 30, 2025 | Accounting, Auditing, Income Tax, Tech News
The Ministry of Finance has officially announced that the FY2026 Budget Statement will be delivered by Prime Minister and Minister for Finance, Mr. Lawrence Wong, before Parliament on Thursday, 12 February 2026. The Budget will be disseminated via live television and...