Welcome to our IFRS Hub, featuring IFRS-related articles that can help you stay ahead, enabling you to strengthen your business and stakeholders' confidence.
Articles exploring tax issues to help you gain trust and stay ahead, enabling you to manage your tax transparently and ethically.
If you are planning on doing business in Singapore, this guide provides an overview of Singapore's investment environment. Learn more about common issues companies might face when expanding into Singapore and get insights on navigating the country's legal, accounting and tax landscape.
We cover the 3 budgets the Singapore Finance Minister has delivered in the recent months. These measures will ease cash flow for companies, allow more time to meet compliance obligations, and provide clarity on permanent establishment and tax residency issues.
This article sets out four key areas of your tax provision that could be affected by the impacts of COVID-19.
IFRS 17 'Insurance contracts', currently expected to have an effective date of 1 January 2022, is anticipated to have a significant impact on many aspects of an insurers financial reporting and operational processes.
In the art world, spotting the difference between an authentic masterpiece and an impeccably forged fake can often hinge on the minutest of details.
Mr Heng Swee Keat, the Deputy Prime Minister and Minister for Finance, delivered the Solidarity Budget on 6 April 2020, the day before the COVID-19 circuit breaker measures commenced.
Solutions for continuous robust compliance
As employees adjust to their “new normal,” global talent mobility is on hold for most and so employees may find themselves wondering how their current situation impacts their taxes. For businesses, addressing how to effectively manage compliance in new and complex international employment scenarios is just one of many pressing and challenging issues.
Whilst Deputy Prime Minister and Finance Minister Heng announced an estimate of nearly $60bn worth of welcome measures to support the economy through the Covid-19 pandemic in the “Resilience” and “Solidarity” budgets, many businesses will still be seeking further ways to reduce costs and improve their overall cashflow position.
Capital gains in Singapore are not taxed. This means that the distinction between whether a profit is on capital account or on revenue or trading account becomes critical.
Is your business substantially involved with the import and export of goods? Are you unnecessarily paying import GST and having to wait to file your GST return before you claim input tax credit for the import GST paid to Singapore Customs?
We have created a handy guide of Singapore Tax facts, to keep you up to date.
Transfer pricing during economic slowdown
With the rising impact of COVID-19 being seen worldwide, all industries will face significant disruption to their supply chain, workforce and cashflow. When experiencing significant stress or distress, we recommend you focus everything you do around the management of cash.
The novel coronavirus (COVID-19) pandemic is spreading around the globe rapidly. Entities need to carefully consider the accounting implications of this situation.
We highlight various practical steps businesses can take to maintain stability, managing and mitigate insolvency risks during these uncertain times.
Deputy Prime Minister and Finance Minister Heng Swee Keat, delivered the 2020 Singapore Budget on 18 February 2020. We have analysed the key tax takeaways to help you understand the changes that have been announced and how they affect both you and your business
