Transfer Pricing recipe to a soaring Dragon Year
Transfer Pricing recipe to a soaring Dragon Year! Chinese New Year is just around the corner. Many of us are thinking of and are in the final stage of preparing the freshest ingredients to execute that perfect recipe (secret or otherwise) for our loved ones so that all will be great in the dragon year […]
Tax Governance Framework: Are you ready for it?
The Inland Revenue Authority of Singapore (IRAS) launched the Tax Governance Framework (TGF) and the Tax Risk Management and Control Framework for Corporate Income Tax (CTRM) programmes in 2022 which are targeted at large corporations with the aim of encouraging them to strengthen their existing tax governance structure. The TGF and CTRM complement the Goods […]
CLA Global TS Announces Appointment of Assurance and Technical Director
Singapore, 10 January 2024 – CLA Global TS is pleased to announce the appointment of Lim Ju May as Director, Assurance and Technical. Before the appointment, Ju May held the position of Technical Director and Assurance Principal, leading the firm’s technical development and support on professional standards related to financial reporting, accounting, and auditing. Effective […]
CLA Global TS Receives Recognition for its Progressive Employment Practices
CLA Global TS representatives (L-R), Ms Loh Hui Nee, Director, Assurance and People & Culture, and Associate Director, People & Culture, Ms Ginny Then, at the Total Defence Award (TDA) 2023 dinner on 20 November 2023 to receive the National Service (NS) Advocate Award for SMEs. Singapore, 28 December 2023 – CLA Global TS is […]
CLA Global TS elevates Spirit of Giving this Season of Gifting
People of CLA Global TS gathering at a basketball court along North Bridge Road, ready to partake in the annual CSR Day 2023 Singapore, 18 December 2023 – CLA Global TS elevates the spirit of giving this year by supporting two giving initiatives – the Boys’ Brigade Share-A-Gift Project and Skate For Good – to […]
CLA Global TS Head of Tax Selected as Singapore Chartered Tax Professionals (SCTP)’s Board Member
Mr. Edwin Leow, Co-Advisory Leader, Director, Head of Tax at CLA Global TS has been selected as a board member of Singapore’s Tax Accreditation Body. Singapore, 12 December 2023 – CLA Global TS is pleased to announce that its Co-Advisory Leader, Director, Head of Tax, Mr. Edwin Leow, has been selected as one of the […]
IFRS 16 Leases Marks A New Era Of Accounting – Paving The Way For Intangible Asset Recognition On The Financial Statements
Article by Lim Ju May. LEASES ROADMAP – A Right-To-Use an asset or a contract for services that is provided using the asset? The last of the BIG three accounting standards IFRS 16 Leases is the last of the BIG three accounting standards issued by the International Accounting Standards Board (“IASB” or the […]
ISCA Breakfast Talk: Sale & Leaseback Transactions, Leases And Financing Arrangements
This article was first published in the IS Chartered Accountant, November 2023. Re-published with permission from the Institute of Singapore Chartered Accountants (ISCA). “Sale and leaseback transactions have not been popular with standard-setters in the past and are still not well received today. Structuring to create a particular accounting outcome is the concern, and the accounting […]
CLA Global TS shares the Singapore National Women’s Floorball Team’s Excitement Ahead of the Women’s World Floorball Championship
Ms. Wendy Kuan, General Manager of Singapore Floorball Association presents Singapore National Women’s Floorball Team’s newest jersey to Mr Henry Tan, Group CEO & Chief Innovation Officer of CLA Global TS Singapore, 29 November 2023 – With the Women’s World Floorball Championship 2023 just around the corner, CLA Global TS shares Singapore National Women’s Floorball […]
Overview of GST Rate Change from 8% to 9% with effect from 1 January 2024
Come 1 January 2024, the GST rate will be increased from 8% to 9%, as part of the two-step GST rate change announced by the Minister for Finance in Budget 2022. To ensure a smooth transition to the new 9% GST rate, the IRAS has issued guidance in its website which can be accessed here. […]