IRAS 7/2026: Same-Business Requirement for Loss Transfer on Amalgamation
The Inland Revenue Authority of Singapore (IRAS) has issued Advance Ruling Summary No. 7/2026, addressing whether a surviving entity in an amalgamation under Section 215F of the Companies Act 1967 may deduct unabsorbed capital allowances and losses transferred from...
Part 2: The Data Imperative — Governing Non-Financial Data with Confidence
The single greatest operational challenge for organisations in advancing their sustainability agenda is data. Research indicates that 72% of organisations struggle with fragmented and unreliable sustainability-related data. Unlike traditional financial data,...
Trust, Tech and Resilience Reshape Charity Governance
Singapore’s charity sector is moving into a more demanding operating environment, where governance, digital capability, financial resilience and public trust are increasingly treated as interconnected technical priorities rather than standalone compliance matters....
Enterprise Engineering: What Accounting Firms and their Clients should Prepare for
A growing trend shows that software engineering is no longer viewed merely as a support function, but as a key driver of enterprise value, supported by modular technology platforms, AI-enabled agents and stronger human oversight. For accounting firms, this shift is...
Key Updates to IRAS Transfer Pricing Guidelines (8th Edition)
The Inland Revenue Authority of Singapore (IRAS) has issued the 8th Edition of its Transfer Pricing Guidelines (TPG), effective 19 November 2025. The updates introduce significant compliance relief for related party domestic loans, a new optional Simplified and...
“We Have IT, So We’re Safe” – The Hard Truth About PDPA Fines
Many Singapore’s small and medium enterprises (SMEs) continue to operate under a false sense of cyber security, according to a new analysis of local compliance trends and enforcement actions. They believe that having IT support, antivirus software, or cyber insurance...
ISSB Practice Statement on Nature-Related Disclosures
During its April 2026 session held in Beijing, the International Sustainability Standards Board (ISSB) approved moving forward with a public consultation on draft guidance addressing disclosures related to nature. This guidance is expected to be issued as an IFRS...
Part 1: The Evolving Business Case — From Compliance Requirement to Strategic Imperative
This is Part 1 of a 4-part article based solely on the insights, data, and conclusions written from the perspective of a firm that has assimilated the information. Recent analysis of the current business landscape confirms that the business case for sustainability has...
Cybersecurity Resilience: Turning Risk into Competitive Advantage
Singapore organisations face an accelerating threat landscape. According to the CSA’s latest Cybersecurity Health Report, over 89% of local organisations encountered at least one cybersecurity incident in the past year – and 99% of those suffered direct business...
Cyber Resilience for SMEs: Part 4 The Human Element – Governance, Visibility, and Sustainable Security Culture
Executive Summary Technical controls—no matter how robust—operate within a context defined by people, processes, and governance. The most sophisticated backup architecture and patching automation can be neutralized by a single compromised user account or a poorly...