Welcome to our E-Newsletter June 2015.
PART 1 TAXATION
The IRAS has issued the new Tax Alerts on its website, IRAS Latest Updates Listing since the previous issue of the 3E E-Newsletter.
The few key alerts are highlighted as below:
PART 2 REGULATORY & BUSINESS
Latest BizFinx Preparation Tool Released
The BizFinx preparation tool has been updated and the latest version (v2.3.0) is now available for download from the BizFinx website. The updated preparation tool incorporates bug fixes and enhancements such as changes to the text editor to facilitate the preparation of XBRL financial statements. More information about Release Notes for BizFinx Preparation Tool Version 2.3.0, list of changes and enhancements.
PART 3 FINANCIAL REPORTING
IASB completes comprehensive review of the IFRS for SMEs
The International Accounting Standards Board (IASB) today issued limited amendments to the IFRS for SMEs following a comprehensive review. The Standard, which was specifically developed for small and medium-sized entities, has seen remarkable uptake, with millions of companies using it worldwide.