by admin | Apr 2, 2026 | Accounting, Income Tax, Tech News
Section 92K of the Income Tax Act 1947 introduces a Listing Corporate Income Tax (CIT) Rebate to incentivise companies to raise public capital and expand economic activities in Singapore. Eligible entities may claim a rebate of either 10% or 20% of their CIT...
by admin | Apr 1, 2026 | Accounting, Data Protection & Cybersecurity, Tech News
The Cyber Security Agency of Singapore (CSA) has released a comprehensive update to the Cyber Essentials Mark, fundamentally raising the bar for foundational security practices among Small and Medium Enterprises (SMEs). Effective since 2025, the revised framework...
by admin | Apr 1, 2026 | Accounting, Income Tax, Tech News
This note summarizes the significant judicial developments from six key tax cases decided in 2025, covering capital allowances, the taxation of income from non-performing loans, employment income characterization, the Qualifying Debt Securities (QDS) scheme, the...
by admin | Apr 1, 2026 | Accounting, Income Tax, Tech News
Under Sections 23(4) and 37(12) of the Singapore Income Tax Act 1947, a company’s ability to carry forward or carry back unutilised trade losses, capital allowances, and donations is contingent upon meeting the continuity of ownership requirement. A waiver of this...
by admin | Mar 31, 2026 | Accounting, Tech News
As the effective date of the latest Singapore Financial Reporting Standards (International) (SFRS(I)s) approaches, it is crucial for professional accountants to understand the nuances of the new segment reporting requirements under SFRS(I) 8. The standard introduces a...
