GST payable on overseas digital services from 1 Jan 2020
Starting from 1st January 2020, consumers in Singapore will have to pay Goods and Services Tax (GST) on digital services purchased from GST-registered overseas service providers. Currently, only locally procured services are subject to GST, while services...
Europe’s Finance Chiefs to Call for Anti-Money Laundering Agency
With a view to confront a wave of money-laundering scandals within the banking industry, Europe’s finance leaders are recommending that a regional anti-money laundering agency be formed to fight and prevent such crimes. They are calling upon European...
Argus Newsletter, November 2019
Articles and Events Summary Training Requirements for Financial Institutions As per MAS’ Notice on Prevention of Money Laundering and Countering the Financing of Terrorism, financial institutions are required to ensure that their employees, officers and...
Financial Reporting Practice Guidance No. 2 of 2019 – ACRA
Every year ACRA provides guidelines to ensure companies comply with existing financial reporting standards. On 21 Nov 2019, ACRA has released the Financial Reporting Practice Guidance No. 2 of 2019, which highlights three financial reporting areas that directors...
