Insights

Under this scheme, employers submit the employment income information of their employees to IRAS electronically.

The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. Each year, new Standards and amendments are published by the International Accounting Standards Board (IASB) with the potential to significantly impact the presentation of a complete set of financial statements.

Employees are the fuel of any organisation, they need to function at their best to enhance future performance.

Corporate frauds & failures in 2020

In this session, we will discuss • Types of payments that are subject to withholding tax in Singapore. • The withholding tax mechanism • Interaction of double tax agreements with the domestic withholding tax rules • Common pitfalls

Granting lease incentives is a common way to encourage a new lessee to sign up to a new lease contract and fill vacant premises. Lease incentives may take various forms depending on the negotiation between the lessee and the lessor.

This article analyses some of accounting considerations that companies need to keep in perspective to avoid potentially undesirable and unforeseen effects on financial statements.

When the global COVID-19 pandemic stormed across the globe in early 2020, the private equity sector was hit hard but deals are coming back to the market.

Our tax manager Jeremy O'Neill led a session on GST issues related to cross border services

The IRAS recently issued a set of guidelines that enable tax-payers flexibility in defending their transfer pricing arrangements where their business operations / financial positions have been impacted by Covid-19.

Tax authorities are reviewing and enacting changes to provide relief to affected taxpayers, find out the latest tax changes for Individuals and employers.

The trail of economic destruction from COVID-19 has certainly not been random, or even. Taking a sector perspective provides one of the clearest views of the impact.

It is safe to assume that for the majority of retail businesses, 2020 has offered some unique challenges. Lockdowns resulting from the COVID-19 pandemic have affected parts of the retail industry

The COVID-19 pandemic has caused an unprecedented level of disruption to the global hotel industry. A combination of local lockdowns and travel restrictions has resulted in many hotels having to

Due to the impact of COVID-19, businesses have had to incur additional costs to adjust to new work requirements and facilitate remote working. Recently, the Inland Revenue Authority of Singapore (“IRAS”) clarified the rules on the claiming of input tax in respect of certain COVID-19 related costs.

Our tax manager Jeremy O'Neill led a session on GST issues related to cross border services