ASC submits comments to IASB on ED/2019/5 Amendments to IFRS 17
On or about 2 October 2019, the Accounting Standards Council (ASC)_ has submitted its comment on ED/2019/5 Amendments to IFRS 17 to the IASB. The ASC are generally supportive of the proposed amendments, subject to their comments as stated in the comment letter. The...
IRAS GST e-Tax Guide: Exhibition, Convention and Ancillary Services
On or about 30 Sep 2019, the Inland Revenue Authority of Singapore (IRAS) has published the second edition of the GST e-Tax Guide on Exhibition, Convention and Ancillary Services. It replaces the first edition published on 03 Dec 2018. This e-Tax Guide explains the...
Amendments to Belgium and India DTAs
Singapore has participated in the negotiation of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). The MLI is intended to allow jurisdictions to swiftly amend their...
GST: Renewal of Assisted Compliance Assurance Programme (ACAP) Status revised
On or about 29 October 2019, the Inland Revenue Authority of Singapore (IRAS) has published the second edition of the e-Tax Guide GST: Renewal of Assisted Compliance Assurance Programme (ACAP) Status. It replaces the first edition published on 1 July 2016. In second...
IASB amends IFRS Standards in response to the IBOR reform
On or about 26 September 2019, the International Accounting Standards Board (IASB) has amended some of its requirements for hedge accounting. The amendments are designed to support the provision of useful financial information by companies during the period of...
e-Tax Guide on GST: Assisted Self-Help Kit (ASK)Annual Review Guide revised
On or about 24 September 2019, the Inland Revenue Authority of Singapore (IRAS) has published the ninth edition of the e-Tax Guide on GST: Assisted Self-Help Kit (ASK)Annual Review Guide. The revised e-Tax Guide incorporates the following amendments: inserted a...
e-Tax Guide on Attribution of Input Tax revised
On or about 24 September 2019, the Inland Revenue Authority of Singapore (IRAS) has published the fifth edition of the e-Tax Guide on Attribution of Input Tax. The revised e-Tax Guide incorporates the following amendments: added footnotes for an explanation of “first...
e-Tax Guide GST: Guide Partial Exemption and Input Tax Recovery revised
On or about 24 September 2019, the IRAS has released the fifth edition of the e-Tax Guide GST: Guide Partial Exemption and Input Tax Recovery. The revised e-Tax Guide incorporates the following amendments: added an explanation of “first issue”expanded the Frequently...
e-Tax Guide GST: Guide on Exemption of Investment Precious Metals revised
On or about 24 September 2019, the IRAS has released the eleventh edition of the e-Tax Guide GST: Guide on Exemption of Investment Precious Metals. The revised e-Tax Guide incorporates the following updates: inserted information to explain the input tax recovery rules...
IRAS revised GST: Assisted Self-Help Kit (ASK)Annual Review Guide
On or about 24 September 2019, the Inland Revenue Authority of Singapore (IRAS) has published the ninth edition of the e-Tax guide, GST: Assisted Self-Help Kit (ASK) Annual Review Guide. It replaces the eighth edition published on 29 July 2019. This e-Tax Guide...