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.
Grant Thornton leaders from around the world will provide an update on the status of the OECD's Pillar 2 Global Minimum Tax project. Our experts will discuss recent developments from the OECD and local taxing authorities and provide meaningful insights to organisations grappling with this new regime.
In this insightful webinar, we delved into the essentials of consolidation focusing on the intricacies of the Foreign Currency Translation and its impact. Our experts also provided valuable insights into the latest technological advancements that can simplify complex consolidation tasks and ensure compliance with regulatory requirements.
The release of the 7th edition of the Singapore Transfer Pricing Guidelines on 14 June 2024 signifies a substantial advancement in the efforts of the Inland Revenue Authority of Singapore (IRAS) to enhance clarity and rigour in the Singapore transfer pricing (TP) landscape. This edition introduces both minor and major updates across nine sections of the Guidelines, reflecting an evolving and more sophisticated approach to TP analysis and compliance with the arm’s length principle.
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.
In this 1-hour webinar playback, our experts shared insights on model monitoring and validation methodologies, best practices, and key challenges, all aimed at providing you with actionable strategies to adeptly navigate through the complexities.
On 2 May 2024, the long-awaited and highly anticipated interoperability guidance has been jointly issued by the IFRS Foundation and European Financial Reporting Advisory Group (EFRAG).
The last decade has witnessed a growing trend for tax administrations leveraging technology and introducing e-invoicing as a means to streamline tax administration and tackle tax fraud and evasion. In Singapore, the Inland Revenue Authority of Singapore (IRAS) has just announced the the mandatory adoption of e-invoicing under their InvoiceNow initiative for newly GST-registered companies with the possibility of it being rolled out to all other GST-registered businesses.
Transfer pricing documentation (TPD) is a crucial aspect of tax compliance for businesses in Singapore. With the Inland Revenue Authority of Singapore (IRAS) placing increased emphasis on transfer pricing practices, it is essential for taxpayers to understand the key aspects of TPD requirements.
In this 1-hour webinar playback, our Employer Solutions team aims to bring light to the possibly confusing topic of equity-based remuneration in Singapore, addressing the common challenges and misconceptions around LTIP reporting
Artificial intelligence (“AI”) as a general-purpose technology, offers a wide range of opportunities across various fields. According to the IBM Global AI Adoption Index 2023, 42% of organisations surveyed have AI actively in use in their businesses and an additional 40% are currently exploring or experimenting with AI but have not deployed their models. Amid the promising capabilities of AI, organisations face a looming threat: the misuse of AI by fraudsters. The ease of access and availability of sophisticated AI models on an open-source basis exacerbates this threat.
The European Union (EU) stepped up in 2021 and unveiled the Carbon Border Adjustment Mechanism (CBAM) where fees are charged on carbon footprint of certain imports. This aims to curb emissions, level the playing field, and unlock opportunities for innovation and a greener future.
OECD has released key transfer pricing guidance on Pillar 1 - Amount B report. With the evolving global tax landscape, it is vital for business to understand these initiatives to take appropriate actions to strengthen tax governance and mitigate tax risks.
The U.S. Securities and Exchange Commission (SEC) adopted on 6 March 2024 some significant and highly anticipated climate-related disclosure requirements for public companies in their periodic disclosure reports and in registration statements for public offerings (Final Rules).
Equity grants (Employee Stock Option Plans (ESOPs) and Employee Share Ownership Plans (ESOWs)) can come with their own set of challenges for reporting and taxability. Globally mobile individuals add an additional layer of complexity as they may even be caught with taxes in more than one country. In this article, we address the characteristics of ESOP/ESOW reporting that you should be aware of.
2024 marks the 20th year of Grant Thornton’s work to monitor and measure the percentage of senior management positions held by women at mid-market businesses across the globe. While there has certainly been progress over the past 20 years, this progress has been far too slow.
Explore a summary of the key highlights announced in the Singapore Budget 2024 revealed by Finance Minister Lawrence Wong on 16 February 2024
