IASB Proposes Sweeping Overhaul of Interest Rate Risk Accounting for Financial Institutions
by admin | Dec 5, 2025 | Accounting, Auditing, Income Tax, Tech News
The International Accounting Standards Board (IASB) has published a landmark proposal for a new Risk Mitigation Accounting model, aimed at aligning reported financial performance with how institutions practically manage interest rate risk. Announced on 3 December...
High Court Ruling Underscores Documentation Critical for QDS Status in Debt Restructurings
by admin | Dec 4, 2025 | Accounting, Auditing, Income Tax, Tech News
The General Division of the High Court of Singapore has dismissed applications by two note issuers seeking to preserve Qualifying Debt Securities (QDS) tax status for amended notes following a scheme of arrangement. This ruling serves as a critical technical alert for...
MOF Seeks Pre-Budget Consultations
by admin | Dec 2, 2025 | Accounting, Auditing, Goods and Services Tax, Income Tax, Tech News
The Ministry of Finance (MOF) has formally initiated its public consultation for the Singapore Budget 2026, with submissions due by 12 January 2026. The call, structured around themes of economic advancement, job security, and social progression, signals potential...
Enhances Global Trading Incentive with Tiered Tax Structure
by admin | Dec 1, 2025 | Accounting, Auditing, Income Tax, Tech News
Singapore has amended its Global Trading Company (GTC) incentive regime, introducing significant changes applicable from Year of Assessment 2025. The revisions to Regulations 3, 4, and 5 of the Income Tax (Concessionary Rate of Tax for Global Trading Companies)...
Enhances Tax Incentive Framework with Delegated Rate-Setting Authority
by admin | Dec 1, 2025 | Accounting, Auditing, Income Tax, Tech News
In a significant administrative shift, Singapore’s Ministry of Finance has formally delegated the authority to specify precise concessionary tax rates under four key incentive schemes to the Economic Development Board (EDB) and Enterprise Singapore (ESG). The...
Amendments to Tax Incentive Regulations for Partnerships
by admin | Nov 28, 2025 | Accounting, Auditing, Income Tax, Tech News
The Income Tax (Tax Incentives for Partnerships) Regulations 2012 have been amended, effective 4 November 2022 or 30 October 2023. These changes impact the qualifying conditions for enhanced writing-down allowances on intellectual property rights under the Enterprise...
One-off Property Tax Rebate for 2026
by admin | Nov 28, 2025 | Accounting, Auditing, Income Tax, Property Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has confirmed the Government’s implementation of a one-off Property Tax Rebate for the 2026 year of assessment, applicable to all owner-occupied residential properties. The rebate is structured as follows: HDB Flats: A...
EIS Capping Modifications for Amalgamated Companies
by admin | Nov 28, 2025 | Accounting, Auditing, Income Tax, Tech News
The Income Tax (Amalgamation of Companies) (Amendment) Regulations 2025, gazetted 27 November 2025, introduce a critical modification to the Enterprise Innovation Scheme (EIS) capping rules for corporate amalgamations. Key Change: For the Year of Assessment (YA) in...
IMDA Releases InvoiceNow Enterprise Best Practice Guide
by admin | Nov 27, 2025 | Accounting, Goods and Services Tax
The Infocomm Media Development Authority (IMDA) has published the InvoiceNow Enterprise Best Practice Guide, a critical technical resource for enterprises planning to integrate the nationwide InvoiceNow e-invoicing network directly with their in-house Enterprise...
Amendments to Singapore’s Section 13D Fund Management Tax Incentive Regime
by admin | Nov 26, 2025 | Accounting, Income Tax, Tech News
The Ministry of Finance has enacted the Income Tax (Exemption of Income of Prescribed Persons Arising from Funds Managed by Fund Manager in Singapore) (Amendment) Regulations 2025. These amendments, gazetted on 24 November 2025, refine the operational and definitional...