The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide - Tax Treatment Arising from Adoption of FRS 115 or SFRS(I) 15 - Revenue from Contracts with Customers (Third edition).

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1 Aim

1.1 This e-Tax guide provides guidance on the tax treatment for entities adopting Financial Reporting Standard ("FRS") 115 or Singapore Financial Reporting Standards (Internati…