IASB Proposes Targeted Clarifications to Fair Value Option in IAS 28
by admin | Feb 20, 2026 | Accounting, Auditing, Income Tax, Tech News
The International Accounting Standards Board (IASB) has launched a consultation proposing narrow-scope amendments to IAS 28 Investments in Associates and Joint Ventures, seeking to clarify which entities may elect to measure such investments at fair value through...
The AI-Driven Memory Crisis and Its Implications for IT Infrastructure Strategy
by admin | Feb 19, 2026 | Accounting, Artificial Intelligence (AI), Company Law, Income Tax, Tech News
The technology sector is currently navigating a severe supply chain disruption driven by unprecedented demand for memory chips from artificial intelligence infrastructure buildouts. A detailed analysis published in The Straits Times (February 2026) describes a...
Singapore-Taiwan DTA Revamp Entered into force on 13 Feb 2026
by admin | Feb 14, 2026 | Accounting, Auditing, Income Tax, Tech News
The updated Agreement for the Avoidance of Double Taxation (DTA) between the Singapore Trade Office in Taipei and the Taipei Representative Office in Singapore entered into force on 13 February 2026, officially replacing the 1981 arrangement . Effective from 1 January...
Navigating the 30 June 2026 Deadline: BEPS Pillar Two Technology Procurement
by admin | Feb 14, 2026 | Accounting, Auditing, Income Tax, Tech News
With the first global lodgment deadline for the GloBE Information Return (GIR) and various Qualified Domestic Minimum Top-up Tax (QDMTT) returns set for 30 June 2026, multinational enterprises are moving rapidly from theoretical planning to operational execution . The...
Singapore Budget 2026
by admin | Feb 13, 2026 | Accounting, Auditing, Income Tax, Tech News
The 2026 Budget Statement, delivered by Prime Minister and Minister for Finance Mr Lawrence Wong on 12 February, introduces calibrated tax adjustments that reflect Singapore's strategic pivot toward artificial intelligence capabilities, workforce transformation, and...
The New Corporate Service Providers Act and AML/CFT/CPF Focus
by admin | Feb 12, 2026 | Accounting, Auditing, Company Law, Income Tax, Tech News
Following recent regulatory developments and in-depth technical sessions on the subject, we are issuing this update to summarise the key changes under the Corporate Service Providers Act 2024 and the evolving anti-money laundering (AML) landscape in Singapore. This...
CPF Changes in 2026, HR & Payroll Automation
by admin | Feb 12, 2026 | Accounting, Artificial Intelligence (AI), Employment, Tech News
1. CPF Changes in 2026 – Key Updates and Preparations Effective from 1 January 2026, the Central Provident Fund (CPF) contribution framework has introduced two significant changes that affect payroll computation for employers. a) Ordinary Wage Ceiling Increase The CPF...
IRAS Issues YA 2026 Income Tax Filing Notice
by admin | Feb 10, 2026 | Accounting, Auditing, Income Tax, Tech News
On 6 February 2026, the Inland Revenue Authority of Singapore (IRAS) issued the formal notice requiring companies to furnish income tax returns for the Year of Assessment (YA) 2026. Published in The Government Gazette, the notice sets out the statutory filing...
IFRS Annual Update 2026: Key Amendments and Future Developments
by admin | Feb 9, 2026 | Accounting, Tech News
The past two years have seen significant activity from the International Accounting Standards Board (IASB), with a range of amendments becoming effective and new standards issued that will reshape financial reporting in the coming years. This note summarises the key...
An SMP Perspective of Audit and Accounting in the AI Era
by admin | Feb 8, 2026 | Accounting, Artificial Intelligence (AI), News, Tech News
For smaller practices (SMPs), the integration of Artificial Intelligence (AI) into audit and accounting is not merely a technological upgrade — it is a strategic imperative that levels the playing field. Unlike large firms with extensive resources, smaller practices...