ASC Backs Fair Value Option Changes with Caveats
In response to the IASB’s Exposure Draft on proposed changes to the fair value option under IAS 28, the Accounting Standards Committee (ASC) of Singapore has expressed general support for the amendments. The ASC agrees that the revisions will reduce diversity in...
ACRA’s 2026 Reforms: Why SME Directors Must Act Now?
Singapore SME directors should review their governance, financial reporting and compliance processes ahead of ACRA-related Companies Act changes taking effect on 6 May 2026. The key developments include higher director penalties, expanded disqualification rules for...
New Singapore–Kenya DTA Slashes Withholding Tax Rates
The Double Taxation Agreement (DTA) between Singapore and Kenya took effect on 20 April 2026, capping withholding tax rates on dividends, interest, royalties, and technical fees — with a 0% rate for government-related payments. Implications Lower cross-border tax...
Key Considerations in Singapore Private Wealth Structuring
Singapore continues to strengthen its position as a leading hub for private wealth management. Recent developments in tax incentives, regulatory frameworks, and investment vehicles have created both opportunities and complexities for families and their advisors. This...
Singapore Signs GloBE Information Exchange Agreement
On 15 April 2026, Singapore became a signatory to the Multilateral Competent Authority Agreement (MCAA) for the exchange of Global Anti-Base Erosion (GloBE) information. This enables multinational enterprise (MNE) groups to participate in a central filing mechanism...
Key Corporate Law Amendments Taking Effect 6 May 2026
The Accounting and Corporate Regulatory Authority (ACRA) confirms phased commencement of Corporate and Accounting Laws (Amendment) Act 2025 from 6 May 2026. The changes raise maximum fines for director misconduct, extend director disqualification to money‑laundering...
AI for Sustainability – from Concept to Deployment
Artificial intelligence (AI) is becoming an increasingly practical tool for sustainability management across Asia-Pacific businesses. Many companies are already using AI to support carbon accounting, energy efficiency, climate-risk analysis, supply-chain due...
Cyber Resilience for SMEs: Part 3 From Reactive to Proactive – Modernizing Vulnerability and Patch Management
Executive Summary Patch management remains one of the most challenging security controls for SMEs, not due to technical complexity but because of operational friction. The fear of disrupting business applications, combined with limited visibility into assets, often...
Taxable Gain on Sale of Leasehold extension to REIT
The Income Tax Board of Review has dismissed a taxpayer’s appeal against an income tax assessment on gains arising from the disposal of a leasehold interest developed and sold to a real estate investment trust (REIT). In GIX v The Comptroller of Income Tax [2026]...
Structured Pathways for Digital Productivity and Cyber Resilience
The Singapore Business Federation (SBF) has launched a consolidated enterprise initiative to help businesses—particularly SMEs—simultaneously address technology adoption and workforce transformation. The programme integrates AI adoption, cybersecurity, digital project...