Welcome to our January 2014 e-newsletter.
PART 1 TAXATION
The Singapore Institute of Accredited Tax Professionals (SIATP) has issued the new Tax Alerts on Tax News since the previous issue of the 3E E-Newsletter.
The few key alerts are highlighted as below:
> Updated Content on Advance Ruling (23 Dec 2013)
PART 2 REGULATORY & BUSINESS
DRAFT MASTER PLAN 2013
Urban Redevelopment Authority (URA) unveiled the Draft Master Plan 2013 on 20 Nov 2013, pointing to how Singapore could develop over the next 10 to 15 years.
LAUNCH OF ENHANCED APPOINTMENT SYSTEM AT MOM SERVICES CENTRE HALL A
As part of MOM ongoing efforts to improve their services to you, the Ministry of Manpower (MOM) Services Centre will be enhancing our appointment system to make it easier for you to make an appointment to see us. Currently, you have to call the MOM Hotline to make an appointment, while those who visit the MOM Services Centre without an appointment may have to wait up to 2 hours before they meet our officers, given the large volume of visitors at the MOM Services Centre.
Starting from 16 December 2013, customers with appointments will not need to wait longer than 30 minutes to see our officers. You can access Appointment@MOM to make appointments for these issues:
– Salary matters and employment related claims
– Work Permit cancellation or resignation disputes with an employer or worker
MOM will continue to serve customers who visit Services Centre without an appointment, but you may have to wait as priority is given to those with an appointment.
PART 3 FINANCIAL REPORTING
IASB concludes 2010–2012 & 2011–2013 Annual Improvements Cycles and annual improvements to IFRSS 2011-2013 cycle on 12 December 2013.
The IASB uses the Annual Improvements process to make necessary, but non-urgent, amendments to IFRSs that will not be included as part of any other project. By presenting the amendments in the form of a single document rather than as a series of piecemeal changes, the IASB aims to ease the burden of change for all concerned.
The effective date of each amendment is included in the IFRSs affected.