Corporate Income Tax YA2020: Key Changes
Corporate tax filing season is kicking off in Singapore and accountants and companies should start preparing their financial documents to make sure they comply with this year’s deadline. In the previous months affected by the COVID-19 pandemic, the Inland Revenue Authority of Singapore (IRAS) has introduced a set of one-time measures to cushion the impact…
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Tax Dept
Coping with the Consequences of COVID-19: Redoubling Attention to the Professional Standards
and The current novel coronavirus (COVID-19) epidemic is causing huge concern and disruption throughout the world, for obvious reasons, and the primary concerns for many must be personal safety, economic instability and financial devastation, and the urgent need for the development of solutions to the disease’s problems, primarily via treatments and inoculations. However, for most…
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Barry Jay Epstein, Ph.D., CPA
Singapore Guide: ISCA FRB 5 – Accounting for Property Tax Rebate
The COVID-19 pandemic has adversely impacted the global economy, hitting Singapore companies and businesses affected by preventive circuit breaker measures implemented in the country. The Singapore government has since announced various support schemes in the form of income tax rebate and reliefs for FY2020. Among these measures is the property tax rebate extended to commercial…
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Tax Dept
Quick Guide: IAS 20 – Accounting for Government Grants
This year, the COVID-19 crisis has adversely impacted the global economy. Singapore is no exemption, with negative effects and losses caused by the crisis and the consequent circuit breaker measures implemented to prevent the virus’ spread. The local government has thus announced various support schemes including several government grants to help Singaporean companies and businesses…
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Paul Wan & Co
Singapore Guide: ISCA FRB 6 – Accounting for Jobs Support Scheme
This year, the COVID-19 pandemic has inevitably adversely impacted the global economy. Singapore companies and businesses were negatively impacted by this health crisis and the consequent circuit breaker measures implemented to prevent the spread of the virus. The Singapore government has thus announced various support schemes in the form of income tax rebate and reliefs…
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