On 31 October 2023, the Inland Revenue Authority of Singapore published updated e-Tax guides regarding changes in the taxation of entities and insurers in relation to the adoption of certain financial reporting standards (FRS). --- Income Tax: Income Tax Treatment Arising from Adoption of FRS 109 - Financial Instruments (Fourth Edition) This e-Tax Guide provides guidance on the tax treatment for entities adopting FRS 109 or SFRS(I) 9. It will be relevant to you if you are required to comply with the requirements in FRS 109 or SFRS(I) 9 for recognising, classifying and measuring financial assets, financial liabilities, and some...