e-Tax Guide GST: Guide on Approved Import GST Suspension Scheme revised
On or about 30 October 2019, the Inland Revenue Authority of Singapore (IRAS) has released the second edition of the e-Tax Guide GST: Guide on Approved Import GST Suspension Scheme. It replaces the first edition (as amended) published on 11 August 2017. This e-Tax...
GST Guide for the Aerospace Industry revised
On or about 30 October 2019, the Inland Revenue Authority of Singapore (IRAS) has released the fifth edition of the e-Tax Guide GST Guide for the Aerospace Industry. It replaces the fourth edition published on 19 June 2017. The revised e-Tax Guide incorporates the...
e-Tax Guide GST: Approved Contract Manufacturer and Trader (ACMT) Scheme revised
On or about 30 October 2019, the Inland Revenue Authority of Singapore (IRAS) has released the second edition of the e-Tax Guide GST: Approved Contract Manufacturer and Trader (ACMT) Scheme. It replaces the first edition published on 16 July 2018. This e-Tax Guide...
e-Tax Guide GST ACAP Review Guidance updated
On or about 29 October 2019, the Inland Revenue Authority of Singapore (IRAS) has updated the e-Tax Guide GST ACAP Review Guidance, Appendix 1 of e-Tax Guide “GST: Assisted Compliance Assurance Programme”. It replaces the edition published on 5 April 2011. This GST...
e-Tax Guide GST: Assisted Compliance Assurance Programme (ACAP) revised
On or about 29 October 2019, the Inland Revenue Authority of Singapore (IRAS) has released the tenth edition of the e-Tax Guide GST: Assisted Compliance Assurance Programme (ACAP). It replaces the ninth edition published on 2 April 2018. The revised e-Tax Guide...
Frequently Asked Questions (FAQ) on reverse charge revised
On or about 23 October 2019, the Inland Revenue Authority of Singapore (IRAS) has published a revised Frequently Asked Questions (FAQ) on reverse charge to reflect the latest operational guidelines. The FAQ is arranged into the following sections: Overview of reverse...
IRAS update e-Tax Guide on Income Tax Treatment of Real Estate Investment Trusts and Approved Sub-Trusts
On or about 21 October 2019, the Inland Revenue Board of Singapore (IRAS) has published the fifth edition of the e-Tax Guide on Income Tax Treatment of Real Estate Investment Trusts and Approved Sub-Trusts. It replaces the fourth edition published on 11 July 2019. The...
ASC submits comments to IASB on 2019 SME Implementation Group Draft Q&A Section 35 Transition to the IFRS for SMEs Standard, Issue 1
On or about 14 October 2019, the Accounting Standards Council (ASC) has submitted its comment to the SME Implementation Group (SMEIG) on Draft Q&A Section 35, Issue 1 on Application of the undue cost or effort exemption for investment property on transition to the...
Advisory on Scam & Fraudulent Activities (Oct)
On or about 7 October 2019, the Inland Revenue Authority of Singapore (IRAS) has updated its content on advisory scams as the Corporate Tax filing due date is nearing. Companies are advised to be vigilant and not fall into the trap of scam emails during this Corporate...
Amendments to the Income Tax Act
Amendments to the Income Tax Act have been effected by the Supreme Court of Judicature (Amendment) Act 2019. The Supreme Court of Judicature (Amendment) Act 2019 was published in the Government Gazette (electronic edition) on 12 December 2019. It will come into...