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Solidarity Budget and COVID-19 support measures

Thursday May 14 - 10:00 am

As you are aware, in the recent months, amid the COVID-19 pandemic, in an unprecedented manner, the Singapore Finance Minister has delivered 3 budgets, namely, the Unity, Resilience, and Solidarity budgets. In the meantime, the IRAS has implemented a series of support measures. Amongst others, these measures will ease cash flow for companies, allow more time to meet compliance obligations, and provide clarity on permanent establishment and tax residency issues. In this webinar, our tax partners will discuss in detail some of these measures and explain how it may impact you and your company.

The webinar is now available to watch here

 

Financial reporting and disclosures

Thursday May 21 - 10:00am

The COVID-19 outbreak since the start of 2020 has had an impact on almost all entities either directly or indirectly. Some of the worst-hit sectors are aviation, hospitality, and retail with more and more sectors coming under its radar with widespread lockdowns being enforced across the world. This webinar identifies key financial reporting areas that entities need to consider when determining the impact on their business, and on the results, financial position and disclosures in their financial statements

The webinar is now available to watch here

 

Transfer pricing during economic slowdown

Thursday May 28 - 10:00 am

As we are aware that the COVID -19 pandemic has had business make significant changes in the way they operate which will directly impact revenues and profits of an organization.  Considering the cross border nature of global operations, any such adverse impact on revenues and profits of an organization would have transfer pricing related consequences. With this in mind, our tax leaders take this opportunity to discuss in detail some of these transfer pricing issues emanating from such business slowdowns as well as guide you on potential and practical resolution matters.

 

Are you ready for FRS 116?

Thursday June 4 - 10:00 am

The new leasing standard becomes effective for fiscal years beginning on or after 1 January 2019 and requires all leases to be accounted for 'on balance sheet', a major departure from the requirements of FRS 17 in respect of operating leases.

FRS 116 may not only necessitate updates to existing financial accounting policies, procedures, and systems but also affect controls and contracts. Even if accounting policies are not affected, significant new disclosures and lease management activities are required that suggest the need for planning.

 

Leading your business in a time of crisis

Wednesday June 10 - 3:00 pm

The economic ramifications of the COVID-19 pandemic are huge, diverse, and far-reaching. When uncertainty is the new normal, standing still isn’t an option. Grant Thornton has summarised the five areas that businesses need to focus on during this unprecedented time.

 

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