Welcome to our IFRS Hub, featuring IFRS-related articles that can help you stay ahead, enabling you to strengthen your business and stakeholders' confidence.
Articles exploring tax issues to help you gain trust and stay ahead, enabling you to manage your tax transparently and ethically.
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.
This article focuses on part of this step; reversing impairment losses.
An overview of IAS 36’s main requirements and an outline of the major steps in applying them in practice.
This article focuses on part of this step; recognition of impairment losses. For reversing impairment losses refer to our article ‘Insights into IAS 36 – Reversing impairment losses’.
This article discusses when there are exceptions to the rule of comparing recoverable amount with carrying amount, which is step 5 in the impairment review process.
Singapore will be implementing a points-based evaluation system for Employment Pass (EP) applications starting from September 2023 under the new Complementarity Assessment Framework (Compass) which assesses applicant- and employer-based criteria such as salary, qualifications, diversity and support for local employment.
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.
