Insights

This international indirect tax guide provides an overview of tax systems in key countries and how you can get further support from Grant Thornton member firms.

The implementation of FRS 115 is likely to impact business in varying degrees and the impact for affected companies is expected to pervasive (with changes to systems and processes) and not limited to accounting function alone! Read our report to know more.

To help clients navigate your way through tax, here are common issues to take note of for your corporate tax year-end filing!

Bringing together our global insights and local knowledge to answer a range of questions. What are the current economic events that may affect my business? What is the economic sentiment of business leaders across the globe? How does our economic outlook compare to that of similar businesses?

Welcome to our IFRS Hub, featuring IFRS-related articles that can help you stay ahead, enabling you to strengthen your business and stakeholders' confidence.

FRS 109 introduces a new approach for financial asset classification; a more forward-looking expected loss model; and major new requirements on hedge accounting.

Despite a global downturn in business optimism, confidence is buoyant in ASEAN, reaching the highest level ever recorded by the IBR in Q2 2018.

The Accounting Standards Council Singapore issued Financial Reporting Standards FRS 115, Revenue from Contracts with Customers and aligns the adoption of revenue recognition standards in Singapore to the global adoption of new revenue recognition standards under IFRS and US GAAP.

International taxation is undergoing the biggest shake-up for a generation. The already complex world of transfer pricing is at the front and centre of these disruptive changes, both in the rules that govern it and in the heightened scrutiny it now faces.

Our ‘IFRS Viewpoint’ series provides insights from our global IFRS team on applying IFRSs in challenging situations. Each edition will focus on an area where the Standards have proved difficult to apply or lack guidance.

The global mobility environment is changing rapidly. Businesses and their employees working internationally are faced with a complex web of regulations and laws.

Todays Boards are under increasing pressure from regulators and customers alike to engage more broadly with stakeholders and build their views and expectations into the strategy and management of the business.

Nobody thought that complying with the Base Erosion and Profit Shifting (BEPS) transfer pricing analysis and documentation demands would be easy.

Business optimism across Asia Pacific is down from its recent peak in the first part of 2018, according to global research from Grant Thornton’s International Business Report (IBR).

Significant changes to Singapore’s Goods and Services Tax (‘‘GST’’) system were announced by Finance Minister Heng in the recent 2018 Budget.

The Inland Revenue Authority of Singapore (“IRAS”) released its 5th edition Transfer Pricing Guidelines (“TPG”) on 23 February 2018. The revised TPG provides guidance on the implementation of the transfer pricing (“TP”) related amendments made to the Income Tax Act (“ITA”) on 26 October 2017.