Singapore Clarifies Tax Computation When a Change in Financial Year End Results in Financial Periods Spanning Two Years of Assessment

The Inland Revenue Authority of Singapore (IRAS) has updated its Preparing a Tax Computation guidance page to help companies better understand their filing obligations when a change in financial year end results in their financial periods spanning two Years of Assessment (YAs). In this regard, updated and additional guidance is provided in the section on Change in Financial Year End:

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Change in Financial Year End

You are required to notify the Accounting and Corporate Regulatory Autho…