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). --- 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 (International) ("SFRS(I) 15"). This includes guidance on the tax treatment of transitional adjustments arising from the adoption of the Standards. 1.2 Section 34I of the Income Tax Act ("ITA") and this e-Tax guide apply to you if you prepare or maintain...