The Inland Revenue Authority of Singapore (IRAS) has significantly bolstered its suite of voluntary compliance programmes, introducing two key frameworks—the Tax Governance Framework (TGF) and the Corporate Income Tax Risk Management and Control Framework (CTRM)—to...

The Accounting Standards Committee (ASC) has released significant amendments to the Singapore Financial Reporting Standards (International) [SFRS(I)], setting effective dates for 2026 and 2027. Entities are urged to commence impact assessments and transition planning...

The Inland Revenue Authority of Singapore (IRAS) has released a significant Advance Ruling Summary No. 5/2024, clarifying the income tax characterisation of subordinated perpetual securities. This ruling addresses critical questions for issuers and investors regarding...

The International Accounting Standards Board (IASB) has formally concluded its Post-Implementation Review (PIR) of IFRS 15 Revenue from Contracts with Customers (known as SFRS(I) 15 in Singapore), issuing a positive verdict that the standard is meeting its objectives...

The Inland Revenue Authority of Singapore (IRAS) has issued a formal reminder to all incorporated entities regarding the compulsory filing of Year of Assessment (YA) 2024 Corporate Income Tax Returns. The submission deadline is 30 November 2024, with no exceptions for...

In a significant move responding to global stakeholder demand, the International Accounting Standards Board (IASB) has formally initiated a research project focused on reviewing and improving the reporting requirements for the statement of cash flows and related...

The International Accounting Standards Board (IASB) has launched a public consultation on proposed amendments to IAS 28 Investments in Associates and Joint Ventures. The changes aim to enhance the application of the equity method and provide stakeholders with improved...