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Public Accountants’ Certificate of Registration Renewal for 2023

November 16, 2022

Public accountants who wish to renew their certificate of registration for 2023 are to submit their applications for renewal via the BizFile+ portal starting from 1 December 2022. Renewal Criteria 2. Public accountants must complete all requirements for renewal before their registration can be renewed. This includes compliance with the Continuing Professional Education (CPE) requirements, […]

With more than 850 expert speakers and 450 fintech exhibitors, the Singapore FinTech Festival kicks off

November 03, 2022

Singapore, 31 October 2022, The Singapore FinTech Festival (SFF), now in its seventh year, will be held in person from 31 October to 4 November. Building Resilient Business Models Amid Volatility and Change is the theme of SFF 2022, organized by the Monetary Authority of Singapore (MAS) and Elevandi [1]. The Accounting and Corporate Regulatory […]

New Rules to the Corporate Registers (Miscellaneous Amendments) Act

October 19, 2022

Singapore, 4 October 2022 The Accounting and Corporate Regulatory Authority (ACRA) has implemented new requirements to bolster Singapore’s corporate governance regime, and reiterate Singapore’s dedication to combating money laundering, terrorism financing, and other threats to the integrity of the global financial system. The following requirements will go into effect from 4 October 2022 of signing, […]

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Recommendations for ASR+’s digital features and products

October 06, 2022

This page provides the recommended digital products/features for ASR+ for Goods & Services (GST) and Corporate Income Tax (CIT) purposes, as well as details on how to incorporate them and apply them for the products/features. 1. What is ASR+? ASR+ is a list of accounting software options maintained by IRAS since 2005 that meet specific […]

Participate in SIAS Corporate Governance Week 2022 (7-14 October 2022)

September 21, 2022

ACRA will be SIAS Corporate Governance Week’s supporting partner in 2022. Date: 7 – 14 October 2022 Every year, SIAS hosts Corporate Governance Week, a series of seminars, workshops, and forums to discuss the most acceptable corporate governance practices for businesspeople, organizations, and charities. We anticipate meeting you at our hybrid conferences, virtual workshops, and […]

Tax Treaty-Related Measures implemented to Prevent Base Erosion and Profit Shifting through the Multilateral Convention

September 08, 2022

Singapore’s participation in the negotiation of the MLI (Multilateral Instrument) is in line with its commitment to implement the minimum standard for preventing treaty abuse. The MLI is intended to enable jurisdictions to swiftly amend their tax treaties to implement the tax treaty-related Base Erosion and Profit Shifting. Date What’s new 1 September 2022 The […]

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Multinational enterprises (MNEs) are required to prepare and file Country-by-Country Reporting (CbCR) to IRAS

August 24, 2022

For financial years (FYs) commencing on or after 1 January 2017, multinational companies (MNEs) with their headquarters in Singapore are required to produce and submit CbC Reports to IRAS if they meet certain requirements. What is Country-by-Country Reporting (CbCR)? The Organization for Economic Co-operation and Development (OECD) announced Country-by-Country Reporting (CbCR) as a form of […]

Singpass and Iras’s scam warning from police and Iras’ advice

August 10, 2022

Shared advice from the Singapore Police Force And IRAS regarding scams involving SingPass and IRAS links Phishing scams are rising and seem to target Singaporeans more than before. In July 2022, at least 51 people had fallen to scammers who pretended to be from IRAS. It’s been a total of at least $37,400. The scam […]

GST Rate Change Preparation

July 28, 2022

Early preparation for a smooth transition to the new GST rate can save you time and energy. To reflect the new rate, you may need to modify your point-of-sale, invoicing, accounting, and other systems, as well as your price displays. GST rate to apply The GST rate you charge on a supply should generally be […]