The Singapore Budget 2026 was announced by Prime Minister and Minister for Finance Lawrence Wong on 12 February 2026. This hub will be where you can get key takeaways and potential impacts from our tax experts, empowering businesses and individuals to make informed decisions.
If you are planning on doing business in Singapore, this guide provides an overview of Singapore's investment environment. Learn more about common issues companies might face when expanding into Singapore and get insights on navigating the country's legal, accounting and tax landscape.
IFRS Alerts covering the latest International Financial Reporting Standards (IFRS), Interpretations of Standards (IFRIC) or amendments to existing IFRS Standards published by the International Accounting Standards Board (IASB).
How businesses can open the door to diverse talent in the wake of the pandemic.
Following the announcement of Budget 2022, our experts discuss the outcomes and tax changes announced in this year’s Budget and look beyond Budget 2022.
SGX’s framework for Special Purpose Acquisition Companies provides companies an alternative route to raise capital. But SPAC transactions can give rise to unique financial reporting and accounting issues under Singapore Financial Reporting Standards (International) (SFRS(I)s). In this piece, we break down what a SPAC is and key accounting considerations in SPAC transactions.
In this article, we summarise Pillar Two model rules that were released by the Organisation for Economic Co-operation and Development (OECD) on 20 December 2021. This is a continuation of the detailed implementation plan under the two-pillar solution to address the tax challenges arising from the digitalisation of the global economy in October 2021. We discuss how the rules may impact Singapore.
The Singapore Budget 2022 is slated to be announced by Finance Minister Lawrence Wong on 18 February 2022. We highlight our feedback and proposals that have been submitted to the Ministry of Finance for consideration in the upcoming Budget and beyond. Also, join us at Grant Thornton's Singapore Budget 2022 webinar where our tax experts will be sharing insights on the Budget announcement that businesses should know about.
In this piece, we list and detail a few key matters that businesses should consider now, and over the next few months, and what should be done to remain GST compliant. Review your internal controls to mitigate any historic GST risks and give your senior management confidence in your tax reporting.
The final part of this series on Step 4 of the impairment review on estimating the recoverable amount, discusses how to estimate an appropriate discount rate in value in use (VIU) calculations.
Definitions of recoverable amount and fair value less costs of disposal (FVLCOD) and an overview of value in use (VIU).
In our three-part series on Step 4 of the impairment review on estimating the recoverable amount, this article discusses estimating future cash inflows and outflows in value in use (VIU) calculations.
The second of a three-part series on cash-generating units (CGUs), this article discusses how to allocate assets to CGUs.
The third of a three-part series on cash-generating units (CGUs), this article discusses how to allocate goodwill to CGUs.
In this article, we discuss how to identify cash-generating units (CGUs).
This newsletter highlights IAS and IFRS amendments, proposed amendments, and decision points that have been released from April 2021 to October 2021.
This amendment was released on 12 February 2021 by the IASB. This amendment helps entities to distinguish between accounting policies and accounting estimates. This article is part of our IFRS technical updates newsletter.
In the October 2021 meeting, the IASB deliberated on the proposed amendment aiming at companies to improve usefulness of the comparative information presented on initial application of IFRS17 and IFRS 9. This article is part of our IFRS technical updates newsletter.
This amendment was released by the IASB on 7 May 2021. This amendment looks at the deferred tax related to assets and liabilities arising from a single transaction. This article is part of our IFRS technical updates newsletter.