ASC’s comment letter on DP/2018/1, ‘Financial Instruments with Characteristics of Equity’
On or about 9 January 2019, the Accounting Standards Council (ASC) has submitted its comment letter to the International Accounting Standards Board (IASB) commended the IASB for its efforts in attempting to address the existing conceptual and application challenges...
IRAS e-Tax Guide: Tax Treatment of a Trust registered under the Business Trusts Act
On or about 8 January 2019, the Inland Revenue Authority of Singapore (IRAS) has published the second edition of e-Tax Guide: Tax Treatment of a Trust registered under the Business Trusts Act. It replaces the first edition which was published on 19 October 2014. This...
GST e-Tax Guide: General Guide for Businesses
On or about 3 January 2019, the Inland Revenue Authority of Singapore (IRAS) has published the ninth edition of GST e-Tax Guide: General Guide for Businesses. It replaces the seventh edition which was published on 13 February 2018. This guide provides an overview of...
GST e-Tax Guide: Major Exporter Scheme
On or about 3 January 2019, the Inland Revenue Authority of Singapore (IRAS) has published the ninth edition of GST e-Tax Guide: Major Exporter Scheme. It replaces the eighth edition which was published on 13 March 2018. This e-Tax Guide explains the mechanism and...
GST e-Tax Guide: Assisted Self-Help Kit (ASK) Annual Review Guide
On or about 3 January 2019, the Inland Revenue Authority of Singapore (IRAS) has published the seventh edition of GST e-Tax Guide: Assisted Self-Help Kit (ASK) Annual Review Guide. It replaces the previous edition which was published on 3 December 2018. The GST...
GST e-Tax Guide: Record Keeping Guide for GST-Registered Businesses
On or about 3 January 2019, the Inland Revenue Authority of Singapore (IRAS) has published the fifth edition of GST e-Tax Guide: Record Keeping Guide for GST-Registered Businesses. It replaces the previous edition which was published on 24 July 2017. This e-Tax Guide...
Multilateral Instrument (MLI) Implementing the Treaty Related BEPS Provisions
On or about 21 December 2018, Singapore deposited the Instrument of Ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“the Multilateral Instrument” or “MLI”). The MLI was signed on 7 June...
IRAS e-Tax Guide: Change in Basis for Computing Taxable Car Benefit
On or about 14 December 2018, the Inland Revenue Authority of Singapore (IRAS) has published the e-Tax Guide: Change in Basis for Computing Taxable Car Benefit on its website. This e-Tax guide replaces the previous two guides "Change in Basis for Computing Taxable Car...
GST e-Tax Guide: Customer Accounting for Prescribed Goods
On or about 13 December 2018, the Inland Revenue Authority of Singapore (IRAS) has published the e-Tax Guide on GST: Customer Accounting for Prescribed Goods (Second Edition) which replaces the first edition published on 15 September 2017. The amendments clarify the...
IRAS revises e-Tax Guide: Tax Treatment Arising from Adoption of FRS 115 or SFRS(I) 15
On 16 November 2018, the Inland Revenue Authority of Singapore (IRAS) has updated the Second Edition of the e-Tax guide on Tax Treatment Arising from Adoption of FRS 115 or SFRS(I) 15 - Revenue from Contracts with Customers that replaces the First edition published on...