Unlocking Value for SMEs Through Credible Numbers, Strategic Reporting and Stronger Advisory
For many SMEs, value is already present in the business but not yet fully visible to banks, investors, buyers, succession stakeholders or strategic partners. The issue is often not a lack of ambition, growth potential or operating capability. The gap lies in whether...
Registration Opens for Multinational Enterprise Top-up Tax and Domestic Top-up Tax
Registration has commenced for multinational enterprise groups that fall within the scope of Singapore’s Multinational Enterprise (Minimum Tax) Act 2024. In-scope groups must register online through the IRAS form, which is to be submitted by the ultimate parent entity...
GST Input Tax Claims: Evidence Must Support Both Export and Invoice Description
In GIY v The Comptroller of Goods and Services Tax [2026] SGGST 1, the GST Board of Review upheld the Comptroller’s decision to disallow approximately S$2.4 million of input tax claims. Although the taxpayer showed that some goods were exported, it did not establish...
Regulatory Enforcement Update: Heightened Accountability for Company Secretaries, Nominee Directors, and CSPs in AML Compliance
Personal Criminal Liability Extends to Company Secretaries and Operational Managers Recent enforcement actions confirm that anti-money laundering (AML) accountability no longer rests exclusively on nominee directors. Company secretaries may face prosecution,...
ACRA Warns CSPs: Director Impersonation Fraud Rising; Reg. 28 Mandates Live Video Verification
The Accounting and Corporate Regulatory Authority (ACRA) of Singapore has alerted registered corporate service providers (CSPs) to a rising scheme where scammers use forged or doctored identification documents to appoint unwitting individuals as directors of newly...
Part 3: Navigating the Opportunity Landscape — Disclosure, Commercial Sensitivity, and Value Creation
While risk reporting is well-established, the reporting of sustainability-related opportunities remains underdeveloped and often hidden. This reluctance stems from two primary concerns: commercial sensitivity (fear of alerting competitors) and the risk of...
ACRA’s 2026 Reforms Take Effect Today, 6 May 2026
Singapore’s Corporate and Accounting Laws amendments take effect today, 6 May 2026, introducing higher accountability expectations for company directors and new governance safeguards affecting financial reporting, director duties and shareholder approvals. Directors...
Mandates Disclosure of Engagement Partner Name in All Auditor’s Reports from 6 May 2026
Amendments to the Accountants Act (Section 59A) now require that all auditor’s reports issued by a public accountant or an accounting entity under Section 59A(4) disclose the full name of the engagement partner. Conforming changes to the Institute of Singapore...
How Artificial Intelligence is becoming the Ultimate Enabler of Financial Crime
Emerging insights from financial fraud investigative professionals reveal that organised scam operations in Singapore and Southeast Asia are evolving into global, service-based ecosystems. Artificial intelligence, illicit data markets, and cross-border laundering...
IRAS Launches E‑Filing for YA 2026 Corporate Tax Returns and EIS Cash Payouts
The Inland Revenue Authority of Singapore (IRAS) has launched e-filing services for Form C, Form C‑S, and Form C‑S (Lite) for the Year of Assessment (YA) 2026 on mytax.iras.gov.sg. Companies must file by 30 November 2026. Businesses seeking an Enterprise Innovation...