IRAS Voluntary Disclosure Programme: How Singapore Companies Can Correct Tax and GST Errors With Reduced Penalties

Discovering an error in a corporate tax return that has already been filed is an uncomfortable moment for any business owner. The instinctive reaction is often to hope the Inland Revenue Authority of Singapore (IRAS) does not notice. In practice, that instinct is exactly backwards: IRAS operates a Voluntary Disclosure Programme (VDP) that rewards companies [...]

SFRS S1 and S2: Singapore’s Sustainability Disclosure Standards Timeline for 2026 and Beyond

Singapore's sustainability reporting regime has moved firmly from "voluntary best practice" to "regulated obligation with a hard deadline." Under ACRA's Singapore Sustainability Disclosure Standards — SFRS S1 (general sustainability disclosures) and SFRS S2 (climate-related disclosures), both based on the ISSB's IFRS S1 and IFRS S2 — listed companies are already reporting Scope 1 and 2 [...]

IRAS CRS 2.0: What the 5th Edition E-Tax Guide Means for Singapore Financial Institutions

On 11 August 2026, the Inland Revenue Authority of Singapore (IRAS) issued the fifth edition of its Common Reporting Standard (CRS) e-Tax Guide, updating Singapore's guidance to reflect the OECD's amended CRS — widely referred to as "CRS 2.0". If your company is a fund manager, family office, trust company, or any other Singapore-based entity [...]

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