Singapore Provides Guidance on First-Time Reviewers for the Tax Risk Management and Control Framework for Corporate Income Tax

The Inland Revenue Authority of Singapore has updated its guidance on Tax Risk Management and Control Framework for Corporate Income Tax (CTRM), including new guidance on the screening of first-time CTRM reviewers.

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Screening Of First-Time CTRM Reviewers

For Public Accounting Entity or its tax affiliates (henceforth referred to as 'firm') who are first-time CTRM Reviewers, IRAS will conduct screening on a firm level basis to be assured of the firm’s capability in conducting the CTRM Rev…