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.
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مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »
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
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »
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مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »