Summary of Major Tax and Incentive Changes following Singapore Budget 2026
This technical note outlines the key tax and incentive measures introduced under Singapore Budget 2026, themed “Securing Our Future Together in a Changed World.” The updates reflect Singapore’s continued focus on maintaining competitiveness through targeted...
Second Protocol to Singapore-Cambodia DTA Enters into Force, Introducing Principal Purpose Test
The Second Protocol amending the Agreement between Singapore and Cambodia for the Avoidance of Double Taxation (DTA) entered into force on 6 March 2026, the Ministry of Finance has confirmed . Signed on 2 November 2023, this protocol introduces critical changes that...
Recent Income Tax Updates
This technical note summarizes key legislative amendments and administrative updates to Singapore’s corporate tax regime, effective from specified Years of Assessment (YAs), alongside compliance best practices and the prevailing penalty framework. 1. Section 10L:...
IRAS Tax Investigation Framework and Enforcement Approach
This technical note outlines IRAS investigation framework, enforcement powers, and case development lifecycle applied to tax evasion and fraud matters administered by the Inland Revenue Authority of Singapore (IRAS). 1. Mandate of the Investigation and Forensics...
Recent Income Tax Updates and Compliance Framework
This technical note summarizes key legislative amendments and administrative updates to Singapore’s corporate tax regime, effective from specified Years of Assessment (YAs), alongside compliance best practices and the prevailing penalty framework. 1. Section 10L:...
Corporate Tax Compliance – Key Considerations
This technical note outlines common corporate tax compliance issues and the relevant treatment frameworks following a review of current IRAS administrative positions and taxpayer obligations. 1. Foreign Source Income Tracking Under Singapore’s territorial basis of...
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...