GST e-Tax Guide: Guide For Visitors on Tourist Refund Scheme (eTRS)
On or about 22 March 2019, the Inland Revenue Authority of Singapore (IRAS) has published the first edition of GST e-Tax Guide: Guide For Visitors on Tourist Refund Scheme (Refund claims made on or after 4 Apr 2019). This e-Tax Guide aimed to provide details on how...
GST e-Tax Guide: The Electronic Tourist Refund Scheme (e-TRS)
On or about 22 March 2019, the Inland Revenue Authority of Singapore (IRAS) has published the first edition of GST e-Tax Guide: The Electronic Tourist Refund Scheme (e-TRS) (Refund claims made on or after 4 Apr 2019). The guide covers the following: Description of...
IRAS e-Tax Guide: Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses
On or about 14 March 2019, the Inland Revenue Authority of Singapore (IRAS) has published the second edition of e-Tax Guide: Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses. It replaces the first edition which was published on 29 June...
GST e-Tax Guide: Approved Third Party Logistics (3PL) Company Scheme
On or about 11 March 2019, the Inland Revenue Authority of Singapore (IRAS) has published the third edition of GST e-Tax Guide: Approved Third Party Logistics Company Scheme. It replaces the second edition which was published on 11 August 2017. This e-Tax Guide...
Employment Claims Tribunals to hear wrongful dismissal and salary-related claims from April 2019
The Tripartite Alliance for Dispute Management (TADM) provides employees and employers with services to resolve salary-related claims and employment disputes. TADM provides advisory and mediation services, including mediation before claims can be heard at the...
The IFRS Foundation has made available package of supporting modules on the IFRS for SMEs Standard
The IFRS Foundation has made available a package of 35 supporting modules to help those applying the IFRS for SMEs Standard. The Standard is specifically aimed at companies that do not have public accountability — they don’t have debt or equity traded in a public...
IFRS published Project summaries on IFRS 8 and discount rates
The IFRS Foundation has published two documents summarising work by the International Accounting Standards Board (IASB) on possible improvements to IFRS 8 Operating Segments and on discount rates in IFRS Standards: the IFRS 8 Project Summary provides an overview of...
IRAS e-Tax Guide: Treatment of Public-Private Partnership Arrangements
On or about 22 February 2019, the Inland Revenue Authority of Singapore (IRAS) has published the third edition of e-Tax Guide: Treatment of Public-Private Partnership Arrangements. It replaces the second edition which was published on 27 December 2013. This e-Tax...
ACRA published Financial Reporting Practice Guidance on reviewing 2018 financial statements
Under the Financial Reporting Surveillance Programme (FRSP), the Accounting and Corporate Regulatory Authority (ACRA) of Singapore reviews selected financial statements for compliance with the accounting standards. On or about 1 February 2019, it has issued Financial...
IASB member discusses disclosures about changes in financing liabilities to IAS 7
The International Accounting Standards Board (IASB) member Nick Anderson has issued an article that discussed the objectives of the 2016 Disclosure Initiative (Amendments to IAS 7). These amendments to IAS 7 Statement of Cash Flows require a disclosure of changes in...