Revised Automatic Exchange of Information(AEOI) Tax Identification Number (TIN) Guide
by admin | Oct 11, 2025 | Accounting, Company Law, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released an updated version of the AEOI Tax Identification Number (TIN) Guide, providing enhanced direction for Reporting Singapore Financial Institutions (SGFIs) in fulfilling their Common Reporting Standard (CRS)...
GST Treatment and System Implementation for the Beverage Container Return Scheme (BCRS)
by admin | Oct 4, 2025 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued critical guidance on the Goods and Services Tax (GST) treatment of deposits under the forthcoming Beverage Container Return Scheme (BCRS), effective 1 April 2026. The clarification confirms the BCRS deposit...
Clarifying Guidance on Foreign Tax Credit Claims
by admin | Oct 4, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released significant updates to its Foreign Tax Credit (FTC) framework, effective 30 September 2025. These updates provide critical clarification on two fronts: the eligibility of FTCs on unrealised gains and the...
High Court Ruling on 99:1 Property Decoupling and Illegality Defence
by admin | Oct 3, 2025 | Accounting, Income Tax, Stamp Duties, Tech News
A recent Singapore High Court decision, Ngor Shing Rong Jake v Wong Mei Lee Millie [2025] SGHC 119, provides critical guidance on the enforcement of beneficial interests in property held under a "99:1" legal ownership structure, particularly where an intention to...
IRAS Clarifies Enhancements to Tax Deduction for Employee Equity-Based Remuneration
by admin | Oct 2, 2025 | Accounting, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued definitive guidance on the upcoming legislative enhancements to the tax deduction scheme for Employee Equity-Based Remuneration (EEBR). Effective from the Year of Assessment (YA) 2026, these changes aim to...
Clarifications and Amendments to Singapore’s Enterprise Innovation Scheme
by admin | Oct 2, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued clarifications and amendments to the guidance for the Enterprise Innovation Scheme (EIS), effective 30 September 2025. These updates impact the qualification criteria for the cash payout option and the...
Clarifications on Tax Treatment for Variable Capital Companies (VCCs)
by admin | Oct 1, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued significant updates to its tax guidance for Variable Capital Companies (VCCs) and their sub-funds. These clarifications are critical for fund managers, tax advisors, and accountants to ensure compliance and...
IRAS Guidance on Section 13W Reforms: Key Changes for Corporate Disposal Gains
by admin | Sep 30, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released a detailed e-Tax Guide outlining proposed legislative changes to Section 13W of the Income Tax Act 1947. The amendments, effective for disposals on or after 1 January 2026, are designed to provide companies...
Singapore Appellate Court Rules Airport Runways, Taxiways and Aprons are “Structures”
by admin | Sep 27, 2025 | Accounting, Income Tax, Tech News
In Changi Airport Group (Singapore) Pte Ltd v Comptroller of Income Tax [2025] SGHC(A) 20, the Appellate Division of the High Court has affirmed that airport runways, taxiways, and aprons (RTA) are to be classified as "structures" under the Singapore Income Tax Act....
Evolving Tax Audit Landscapes in Japan and Korea
by admin | Sep 25, 2025 | Accounting, Goods and Services Tax, Income Tax, Tech News
Recent developments in Japan and Korea indicate a significant intensification of tax enforcement, driven by digital tools and a focus on cross-border transactions. Professionals must note critical shifts in audit procedures, the application of economic substance...