Is Income Earned from SIR or SAR Pokémon Cards Subject to Tax in Singapore? The Pokémon Trading Card Game (TCG) market has grown significantly in Singapore, especially for highly valuable cards such as Secret Illustration Rare (SIR) and Special Art…
IRAS ASK Review Singapore: What Businesses Should Know Businesses in Singapore are expected to maintain proper tax governance and accurate GST reporting. To encourage stronger compliance standards, the Inland Revenue Authority of Singapore (IRAS) introduced the Assisted Self-help Kit (ASK)…
Importance of WIP Accounting for Construction Companies in Singapore Construction projects often span across multiple accounting periods. Therefore, construction companies cannot simply record all income and expenses only when a project is completed. Instead, proper Work-in-Progress (WIP) accounting is necessary…
Construction Work-in-Progress (WIP) Accounting for Construction Companies in Singapore The construction industry operates differently from many other businesses. Since projects often span across months or even years, construction companies must carefully monitor project costs, progress billings, revenue recognition, and profitability…
The Importance of Accountants in Choosing the Right Auditors for a Company Choosing the right auditor for a company is an important decision that can affect compliance, financial credibility, and business growth. While many businesses view audits as merely a…
Change of Auditor in Malaysia: Key Requirements and Procedures (2026 Guide) Changing an auditor in Malaysia is a regulated process governed by the Companies Commission of Malaysia (SSM) under the Companies Act 2016. Whether due to cost, service quality, or…
Change of Auditor in Singapore: What Companies Must Know (2026 Guide) Changing an auditor in Singapore is a common yet highly regulated process. Whether driven by cost considerations, service quality, or strategic alignment, companies must ensure that the transition complies…
Singapore continues to strengthen its corporate regulatory framework with the commencement of key provisions under the Corporate and Accounting Laws (Amendment) Act 2025. As announced by the Accounting and Corporate Regulatory Authority (ACRA), selected changes will take effect from 6…
When Malaysian businesses make certain payments to non-resident individuals or companies, they may be required to deduct withholding tax (WHT) before making the payment. In other words, the payer must withhold a portion of the payment and remit it directly…
Corporate income tax is one of the primary taxes imposed on companies operating in Malaysia. Under the Income Tax Act 1967, companies are required to report their taxable income and pay tax on profits derived from their business activities. As…
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