Singapore Budget 2026
The 2026 Budget Statement, delivered by Prime Minister and Minister for Finance Mr Lawrence Wong on 12 February, introduces calibrated tax adjustments that reflect Singapore's strategic pivot toward artificial intelligence capabilities, workforce transformation, and...
The New Corporate Service Providers Act and AML/CFT/CPF Focus
Following recent regulatory developments and in-depth technical sessions on the subject, we are issuing this update to summarise the key changes under the Corporate Service Providers Act 2024 and the evolving anti-money laundering (AML) landscape in Singapore. This...
CPF Changes in 2026, HR & Payroll Automation
1. CPF Changes in 2026 – Key Updates and Preparations Effective from 1 January 2026, the Central Provident Fund (CPF) contribution framework has introduced two significant changes that affect payroll computation for employers. a) Ordinary Wage Ceiling Increase The CPF...
IRAS Issues YA 2026 Income Tax Filing Notice
On 6 February 2026, the Inland Revenue Authority of Singapore (IRAS) issued the formal notice requiring companies to furnish income tax returns for the Year of Assessment (YA) 2026. Published in The Government Gazette, the notice sets out the statutory filing...
IFRS Annual Update 2026: Key Amendments and Future Developments
The past two years have seen significant activity from the International Accounting Standards Board (IASB), with a range of amendments becoming effective and new standards issued that will reshape financial reporting in the coming years. This note summarises the key...
An SMP Perspective of Audit and Accounting in the AI Era
For smaller practices (SMPs), the integration of Artificial Intelligence (AI) into audit and accounting is not merely a technological upgrade — it is a strategic imperative that levels the playing field. Unlike large firms with extensive resources, smaller practices...
Singapore Aligns DTA Interpretation with OECD 2026 Model Tax Convention
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
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
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
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...