Economics, Econometrics and Finance
4 years ago

Taxpayers' Choice: Earnings vs. Cash Basis Could Impact Business Income Recognition

Singapore Academy of Law journal
Recognition of Income - the Choice between the Earnings or Cash Basis
Hern Kuan Liu

Paper Summary

The article discusses how taxpayers in Singapore can choose between recognizing income based on earnings or cash. While the country currently uses the earnings basis for tax accounting, the article explores whether the cash basis could be beneficial for certain businesses.

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