Stamp Duty Relief: Transfer of Assets Between Associated Entities Introduction When companies move assets like shares or property within a group, stamp duty usually applies. This can make corporate restructuring costly. To ease the burden, IRAS provides stamp duty relief…
Introduction In your GST accounting, deposits and down payments often raise questions: When can you claim the input tax? What conditions must be met? This article walks you through the common scenarios, IRAS’ rules, and best practices. Key Principle: Claim…
Resident vs Non-Resident Company in Singapore – Pros and Cons Explained Introduction When setting up a business in Singapore, one of the key considerations is whether your company will be treated as a resident company or a non-resident company. This…
Input Method Percentage of Completion – Revenue Recognition Explained Introduction The Input Method Percentage of Completion is a recognized approach for revenue recognition under IFRS 15 and FRS 115 in Singapore. Unlike the output method, which tracks deliverables, this approach…
Output Method Percentage of Completion – A Guide for Revenue Recognition Introduction The Output Method Percentage of Completion is one of the most widely used approaches for recognizing revenue in long-term projects such as construction, engineering, and large service contracts.…
Introduction Singapore has quickly become a hub for digital finance. With initiatives such as Project Guardian and MAS’s regulatory sandbox, businesses are exploring opportunities in digital assets and tokenisation. However, one question remains a concern for many companies: how will…
Introduction Singapore has positioned itself as a leading hub for innovation in financial services. With the Monetary Authority of Singapore (MAS) pushing forward initiatives like Project Guardian, tokenisation and digital assets are moving from concept to reality. As more businesses…
Introduction Singapore continues to position itself as a global financial hub, and innovation has become a key driver of its growth. The Monetary Authority of Singapore (MAS) has launched Project Guardian, an ambitious initiative that explores the use of tokenisation…
Getting Productivity Solutions Grant (PSG) Introduction SMEs in Singapore often juggle many tasks: daily operations, manual work, customer demands, reporting, etc. The Productivity Solutions Grant (PSG) helps lighten that load. It supports local small and medium businesses in adopting IT…
Amendment to FRS 119: Reduced Disclosures Extended to More Entities Introduction ACRA is making financial reporting simpler for many small companies. With the recently amended FRS 119 – Subsidiaries and Small Entities without Public Accountability: Disclosures, eligible entities will now…
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