Singapore: Cost-plus mark-up method for routine service provider companies

The Inland Revenue Authority of Singapore (IRAS) has issued Advance Ruling Summary No. 5/2026 on 1 April 2026, clarifying the criteria for a company to qualify as an "excluded entity" under Section 10L of the Income Tax Act 1947. This status is

Singapore’s Inland Revenue Authority of Singapore (IRAS) has introduced FormSG for Waiver of Shareholding Test Applications, alongside updated guidance on the treatment of Unutilised Items, including capital allowances, trade losses, and

The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on Goods and Services Tax (GST) for construction services, introducing a new video to clarify key rules for the industry  on 18 March 2026. The video covers general GST

Singapore’s Ministry of Trade and Industry said on Thursday, 12 March 2026,  that it will engage with the US Trade Representative (USTR) to clarify data and details of a Section 301 trade investigation targeting excess industrial capacity. The

The Inland Revenue Authority of Singapore (IRAS) has updated its list of participating jurisdictions under the Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country Reports  (CbCR) on 6 March 2026. The revised

The Inland Revenue Authority of Singapore (IRAS) updated its Country-by-Country (CbC) Reporting guidance on 6 March 2026, revising the list of jurisdictions with which CbC reports can be automatically exchanged. Jurisdiction Effective