IRAS Reinforces Stamp Certificate Requirements for Singapore Property Leases
IRAS has updated its guidance on stamp duty for leases of immovable property in Singapore, with renewed emphasis on obtaining and retaining the Stamp Certificate. The update is relevant to landlords, tenants, property managers and businesses entering into or modifying...
GST Developments in Digital Tokens: Key Considerations
The digital asset ecosystem continues to develop rapidly, with increasing commercial adoption of cryptocurrencies, stablecoins, crypto exchanges, decentralised platforms, and token-based business models. Businesses are now using digital tokens not only as investment...
IRAS Clarifies Deductibility of Related-Party Service Payments
IRAS has updated its guidance on business expense deductions to address payments made by Singapore taxpayers for related-party services. The update confirms that service fee payments to related parties may be fully deductible where they are incurred for revenue...
Good Prompting as a Practical AI Skill for Accountants
Artificial intelligence can help accountants work more efficiently in audit, tax, compliance and advisory work. However, the quality of AI output depends heavily on the quality of the prompt. A clear, structured and well-contextualised prompt can help AI produce more...
Using AI Skills Responsibly in Audit, Agreement Review and Client Advisory Work
Generative AI is increasingly being used in professional services to support research, document review, drafting, summarisation and issue identification. For accounting firms, the opportunity lies in using AI to improve efficiency in audit, tax, compliance and...
My e-certificate of completion for Foundations in Corporate Sustainability Course
Expected Credit Loss under SFRS(I) 9: Practical Application and Common Pitfalls
The Expected credit loss (“ECL”) remains a key financial reporting area for Singapore entities applying SFRS(I) 9 Financial Instruments. Although the impairment model has been in place for several reporting cycles, practical application continues to require...
IRAS Provides Further Guidance on Foreign Tax Credit Claims
The Inland Revenue Authority of Singapore has clarified the conditions and supporting requirements for Singapore tax residents claiming Foreign Tax Credit on overseas income. The guidance is relevant to businesses and individuals seeking relief from double taxation...
SIP 2.0 Introduces Streamlined Restructuring and Winding-Up Routes for Smaller Companies
Key Development Singapore’s revamped Simplified Insolvency Programme 2.0 (“SIP 2.0”) provides eligible small companies with two simplified insolvency pathways: the Simplified Debt Restructuring Programme (“SDRP”) for viable businesses seeking to restructure debts, and...
Singapore and Tanzania Sign Double Tax Agreement
Singapore and Tanzania signed an Avoidance of Double Taxation Agreement on 9 June 2026. The agreement is intended to reduce the risk of income being taxed twice and to provide clearer tax treatment for businesses and individuals with cross-border activities between...