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government grant

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Quick Guide: IAS 20 – Accounting for Government Grants

By |2021-01-21T16:08:18+08:00June 30th, 2020|Featured, Guides|

This year, the COVID-19 crisis has adversely impacted the global economy. Singapore is no exemption, with negative effects and losses caused by the crisis and the consequent circuit breaker measures implemented to prevent the virus’ spread. The local government has thus announced various support schemes including several government grants to [...]

Singapore Guide: ISCA FRB 6 – Accounting for Jobs Support Scheme

By |2021-05-12T18:52:18+08:00June 30th, 2020|Guides, Income Tax Singapore|

This year, the COVID-19 pandemic has inevitably adversely impacted the global economy. Singapore companies and businesses were negatively impacted by this health crisis and the consequent circuit breaker measures implemented to prevent the spread of the virus. The Singapore government has thus announced various support schemes in the form of [...]

Quick Guide: Singapore’s Enhanced Jobs Support Scheme (JSS)

By |2020-06-30T20:47:41+08:00June 30th, 2020|Guides|

The Singaporean government launched the Jobs Support Scheme (JSS) in late April as part of circuit-breaker measures outlined in Singapore’s Budget 2020 announcements aimed at containing the economic fallout caused by the COVID-19 pandemic in the country. As the government recognizes the pandemic has taken a toll on the country’s [...]