New Form for Appointing Corppass Administrator Across Multiple Trust Entities
IRAS has released a new form allowing the appointment of a Corppass Administrator for multiple estate, trust or unit trust entities. The appointed individual will be authorised to transact with IRAS on behalf of those entities, supporting more centralised digital tax...
IASB Clarifies Use of Fair Value Option for Associates and Joint Ventures under IAS 28
The International Accounting Standards Board has issued targeted amendments to IAS 28 to clarify when investments in associates and joint ventures may be accounted for using the fair value option. The amendments are linked to the forthcoming application of IFRS 18 and...
GST Input Tax Claims on Employee Fringe Benefits: Key Compliance Considerations
GST-registered businesses should review the GST treatment of employee fringe benefits before including input tax claims in their GST returns. While some employee-related costs may support business operations, input tax is not automatically recoverable where the...
Revisit to IFRS 15 Revenue Recognition
Revenue recognition remains one of the most judgemental areas in financial reporting. Although IFRS 15 Revenue from Contracts with Customers has been effective for several years, practical application continues to require careful analysis of contract terms, commercial...
Staff Announcement: ACCA Qualification Redesign in 2027
ACCA is redesigning its qualification, with the new structure being introduced from 2027. Staff currently studying ACCA should take note of the key changes and continue progressing under the existing route until the transition takes effect. New Qualification Structure...
Strengthening Investment Governance: Applying Market Cycle, Momentum and Risk Controls to Investment Decisions
A disciplined investment process should not rely solely on headlines, market commentary, or short-term price opinions. Effective investment analysis requires a structured assessment of market conditions, sector leadership, price momentum, volume behaviour, and...
IRAS Clarifies Timing for GST Input Tax Claims
The Inland Revenue Authority of Singapore has clarified when GST-registered businesses should claim input tax. The clarification confirms that input tax claims should generally be made in the GST accounting period linked to the date of the tax invoice or import...
Guarantee Options for Non-Singapore Citizens Working Locally for Foreign Employers
The Inland Revenue Authority of Singapore has updated its guidance on the guarantee requirements that may apply to non-Singapore citizens working in Singapore for foreign employers. The revised guidance recognises digital guarantees issued by financial institutions...
Completion of LexisNexis Protégé Legal AI Essentials Certification
We are pleased to announce that LUAR ENG HWA has successfully completed the LexisNexis Protégé Legal AI Essentials 2026 programme and earned the Certificate of Achievement presented by LexisNexis. The Legal AI Essentials programme is designed to equip professionals...
Estate Planning: Review Will Writing, CPF Nomination and Asset Succession Arrangements
This technical note highlighted the practical risks that may arise when individuals pass away without a properly drafted will or without coordinating their wider succession arrangements. For accountants and advisers, the key takeaway is that estate planning should be...