Annual Tax Circular 2024

1. Estimated Chargeable Income (“ECI”) According to Section 63(1) of the Singapore Income Tax Act (“SITA”), every person (including a company) not being an individual or a Hindu joint family who has not filed a tax return for any year of assessment (“YA”), is required to furnish an estimate of his chargeable income and revenue […]

International Women’s Day 2024 Inspiring Diversity in CLA Global TS

Singapore, 19 March 2024 – With more women choosing to pursue accounting careers, the industry has grown to include more opportunities for women in the workplace to climb the corporate ladder and spark inspiration within the industry. CLA Global TS celebrated International Women’s Day this year by engaging its people in showing appreciation for all […]

Advancing Corporate Sustainability – Key Developments

Advancing Corporate Sustainability – Key Developments At the FY2024 Ministry of Finance’s (MOF) Committee of Supply (COS) Debate Speech by Second Minister for Finance Mr Chee Hong Tat on 28 February 2024, key developments on the sustainability reporting requirements in Singapore were unveiled. These follow the recommendations and public consultation championed by the Sustainability Reporting […]

Singapore Budget 2024 Commentary – Building Our Shared Future Together

Singapore, 21 February 2024 – Singapore’s Deputy Prime Minister and Minister for Finance, Mr Lawrence Wong, delivered the 2024 Budget Statement on Friday, 16 February 2024. Budget 2024, as the first instalment of our country’s Forward Singapore exercise serves to address various areas to build a future-ready country. Measures were introduced to help businesses and the workforce to […]

Transfer Pricing recipe to a soaring Dragon Year

Transfer Pricing recipe to a soaring Dragon Year! Chinese New Year is just around the corner. Many of us are thinking of and are in the final stage of preparing the freshest ingredients to execute that perfect recipe (secret or otherwise) for our loved ones so that all will be great in the dragon year […]

Tax Governance Framework: Are you ready for it?

The Inland Revenue Authority of Singapore (IRAS) launched the Tax Governance Framework (TGF) and the Tax Risk Management and Control Framework for Corporate Income Tax (CTRM) programmes in 2022 which are targeted at large corporations with the aim of encouraging them to strengthen their existing tax governance structure. The TGF and CTRM complement the Goods […]

CLA Global TS Announces Appointment of Assurance and Technical Director

Singapore, 10 January 2024 – CLA Global TS is pleased to announce the appointment of Lim Ju May as Director, Assurance and Technical. Before the appointment, Ju May held the position of Technical Director and Assurance Principal, leading the firm’s technical development and support on professional standards related to financial reporting, accounting, and auditing. Effective […]

CLA Global TS Receives Recognition for its Progressive Employment Practices

CLA Global TS representatives (L-R), Ms Loh Hui Nee, Director, Assurance and People & Culture, and Associate Director, People & Culture, Ms Ginny Then, at the Total Defence Award (TDA) 2023 dinner on 20 November 2023 to receive the National Service (NS) Advocate Award for SMEs.   Singapore, 28 December 2023 – CLA Global TS is […]

CLA Global TS elevates Spirit of Giving this Season of Gifting

People of CLA Global TS gathering at a basketball court along North Bridge Road, ready to partake in the annual CSR Day 2023 Singapore, 18 December 2023 – CLA Global TS elevates the spirit of giving this year by supporting two giving initiatives – the Boys’ Brigade Share-A-Gift Project and Skate For Good – to […]