Welcome to our E-Newsletter January 2015.
PART 1 TAXATION
The Singapore Institute of Accredited Tax Professionals (SIATP) has issued the new Tax Alerts on its website Tax News since the previous issue of the 3E E-Newsletter.
The few key alerts are highlighted as below: > Acceptable rates for per diem allowance > PIC Bonus for Companies
PART 2 REGULATORY & BUSINESS
ACRA issues public announcement
It has come to ACRA’s attention that the entity has sent out invoice reminders to companies that had earlier provided company information to them, to seek payment for subscription services. We would like to emphasise that ACRA has no links whatsoever with this entity. In Jan 2014, the Accounting and Corporate Regulatory Authority (ACRA) brought 104 charges against the company for failing to display the company name (52 charges) and registration number (52 charges) in its correspondences with companies in November 2013. The case is now before the State Court. ACRA has gathered additional evidence with a view to tendering additional charges should any offence be revealed.
More information about ACRA issues public announcement.
PART 3 FINANCIAL REPORTING
Update from ASC Website – FRS 109 Financial Instruments
The ASC has issued the following:
FRS 109 Financial Instruments. The Effective Date is 1 January 2018.
More information about Changes effective for annual periods beginning after 1 Jan 2014.