ACRA Resolves Critical Bizfile Hurdles for Annual Return Filings
The Accounting and Corporate Regulatory Authority (ACRA) has published a summary detailing the resolution of significant technical issues impacting the filing of Annual Returns via its BizFile+ platform. These fixes address widespread user frustrations encountered...
Multinational Enterprise (Minimum Tax) (Amendment) Regulations 2025
Significant amendments to Singapore's Multinational Enterprise (Minimum Tax) Regulations 2024 came into force on 25 February 2025, following the publication of the Multinational Enterprise (Minimum Tax) (Amendment) Regulations 2025 in the Government Gazette. The...
E-Filing for Income Tax Appeals Takes Effect 1 April 2025
Significant procedural changes for taxpayers appealing to the Income Tax Board of Review (ITBR) will come into force on April 1, 2025, following the publication of the Income Tax (Appeals Procedure for Board of Review) (Amendment) Regulations 2025 in the Government...
SGFIs Face CRS Registration Deadline for 2024 Activities
The Inland Revenue Authority of Singapore (IRAS) has issued a critical deadline reminder for financial institutions regarding Common Reporting Standard (CRS) compliance. Entities that qualified as Reporting Singapore Financial Institutions (SGFIs) during the 2024...
Key IFRS & ISSB Updates Released Now Available
The International Financial Reporting Standards Foundation (IFRS) has published significant updates across its digital platforms, featuring new technical resources, upcoming meeting details, and summaries of recent advisory discussions. These updates are critical for...
ACRA Extends Late Filing Penalty Waiver to 15 March 2025
The Accounting and Corporate Regulatory Authority (ACRA) has formally announced an extension to its waiver of late filing penalties, now effective until 15 March 2025. This relief measure applies to entities with statutory filings originally due between 9 December...
Updates to ASK Administrative Concessions
The Inland Revenue Authority of Singapore (IRAS) has announced revisions to the administrative concessions available under the Assisted Self-Help Kit (ASK) programme. The updates, effective immediately, aim to ensure the concessions remain current and directly address...
2025 Singapore Budget with Strategic Tax Reforms to Boost Innovation, Enterprise, and Green Transport
Deputy Prime Minister and Finance Minister Lawrence Wong presented Singapore's 2025 Budget Statement yesterday, outlining a comprehensive package of tax measures designed to strengthen the nation's economic foundations. Key focus areas include enhancing technology and...
Proposed Tax Incentives to Revitalize Equities Market
The Equities Market Review Group (EMRG), tasked with enhancing Singapore's capital markets, has unveiled its initial recommendations, centering on strategic tax incentives aimed at boosting the domestic equities ecosystem. The proposed measures, announced today,...
Final Guidance on GloBE Safe Harbours and Transition Rules
The Inland Revenue Authority of Singapore (IRAS) has released its official responses to the public consultation on the draft regulations concerning Pillar Two Global Anti-Base Erosion (GloBE) Safe Harbours and Transition Rules. The feedback has directly shaped the...