The new frameworks are the Tax Governance Framework and the Tax Risk Management and Control Framework for Corporate Income Tax .
The framework is applicable to both corporate income tax and goods and services tax , and can be adopted by any company willing to commit to good tax governance, Iras said. For a GST-registered business accorded Acap status, a one-time extended grace period of three years is given for voluntary disclosure of GST errors made within two years from the date of award of TGF status.
The framework comprises a self-review checklist featuring processes and measures that would demonstrate that sound controls - such as tax governance structure, entity-level controls and tax reporting controls - are in place to manage tax risks.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
IRAS introduces new frameworks to help companies manage corporate tax and GST mattersSINGAPORE: The Inland Revenue Authority of Singapore (IRAS) has introduced two new tax frameworks to help companies manage corporate tax and Goods and Services Tax (GST) matters, it announced on Friday (Mar 18). The Tax Governance Framework and the Tax Risk Management and Control Framework
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »
IRAS introduces new frameworks to help companies manage corporate tax and GST mattersSINGAPORE: The Inland Revenue Authority of Singapore (IRAS) has introduced two new tax frameworks to help companies manage corporate tax and Goods and Services Tax (GST) matters, it announced on Friday (Mar 18). The Tax Governance Framework and the Tax Risk Management and Control Framework
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »
China's central bank approves two financial holding companies to enhance regulationBEIJING/SHANGHAI : China's central bank said on Thursday that it approved the establishment of two financial holding companies in a move to enhance regulations and prevent contagious risks in the financial sector.The People's of Bank approved the establishment of China CITIC Financial Holdings and Beijing
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »