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. […]
CLA Global TS Celebrates SOE 20th Anniversary and Congratulates SOE-CLA Global TS Entrepreneurship Award 2023 Winner
(L-R) Guest-of-Honour, Ms Low Yen Ling, Minister of State | Award Presenter, Mr Henry Tan, Group CEO & Chief Innovation Officer, CLA Global TS | SOE-CLA Global TS Entrepreneurship Award 2023 Winner, Mr Ong Kian San, CEO, Kee Song Group | President, Spirit of Enterprise (SOE), Mr Ismail Gafoor Singapore, 8 November 2023 – […]
CLA Global TS Announces Appointment of Co-Advisory Leaders Grace Lui and Edwin Leow
Singapore, 30 October 2023 – CLA Global TS is pleased to announce the appointment of Co-Advisory Leaders, Grace Lui and Edwin Leow, Directors from CLA Global TS current leadership team. Effective from 1 November 2023, the newly appointed Co-Advisory Leaders will take on the role of leading and strengthening CLA Global TS’ advisory services. The […]
9M2022 and 9M2023 Industry Market Multiples and Market Outlook within Southeast Asia
9M2022 and 9M2023 Industry Market Multiples and Market Outlook within Southeast Asia With the recent events happening around the globe, uncertainty is ever present as an element in the finance world. As we step into the fourth quarter of 2023, we are presented with a good learning opportunity to reflect on the market’s course thus […]
Intangibles Disclosure Framework (“IDF”) to Identify and Communicate Value of Intangibles
On 4 September 2023, the Intellectual Property Office of Singapore (“IPOS”) and the Accounting and Corporate Regulatory Authority (“ACRA”) launched the IDF to provide guidance to businesses to disclose and communicate the value of their intangible assets (“IA”) as part of the Singapore Intellectual Property Strategy 2030 (“SIPS 2030”). A long-term goal of SIPS 2030 […]
CLA Global TS at IVAS-IVSC Business Valuation Conference 2023
CLA Global TS is proud to be part of Institute of Valuers and Appraisers, Singapore (IVAS)’s IVAS-IVSC Business Valuation Conference 2023 as a Professional Development Partner – Champion. Participating as the moderator, CLA Global TS Group CEO and Chief Innovation Officer Mr Henry Tan facilitated the discussion titled ‘Navigating Around Uncertainty: A Shift In Capital Allocation’ to explore how businesses can […]