Singapore updates business expense deduction guidance, clarifies rules for Green Certificates, Green Credits
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on business expense deductions, clarifying new rules for Green Certificates and Green Credits (GCCs). The previous guidance on carbon credits has been removed, as their tax
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Singapore: IRAS issues ruling on property disposal gains
Inland Revenue Authority of Singapore (IRAS) issued Advance Ruling Summary No. 18/2026 on 1 October 2026, addressing the tax treatment of gains arising from the transfer of long-term strategic investment properties to related companies during an
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Singapore updates Pillar Two guidance outlining Side-by-Side package rules
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance page on the Global Anti-Base Erosion (GloBE) Rules and the Domestic Top-up Tax (DTT) to include the substance-based tax Incentive Safe Harbour. The safe harbour belongs to the
See MoreSingapore, Kyrgyzstan sign income tax treaty
Singapore and Kyrgyzstan signed an income tax treaty on 12 October 2026, according to the Inland Revenue Authority of Singapore. For Kyrgyzstan, the treaty applies to tax on profits of legal persons and income tax on individuals. For Singapore,
See MoreSingapore adds Antigua and Barbuda to CbC report exchange list
Singapore’s Inland Revenue Authority of Singapore (IRAS) has expanded the list of jurisdictions with which it can automatically exchange CbC Reports to include Antigua and Barbuda. The authority updated its Country-by-Country Reporting guidance
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Singapore: IRAS issues advance ruling on intellectual property transfer within multinational group
The Inland Revenue Authority of Singapore (IRAS) has ruled in Advance Ruling Summary No. 17/2026 published on 1 October 2026, that gains from a group's transfer of intellectual property rights are not taxable under section 10(1) of the Income Tax
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Singapore: IRAS rules redeemable preference shares are equity, dividends tax-exempt
The Inland Revenue Authority of Singapore (IRAS) has ruled that redeemable preference shares (RPS) issued by a Singapore-resident investment holding company are equity instruments for income tax purposes. The determination is set out in Advance
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Singapore: IRAS updates business expenses guidance with deductibility checker for companies
Singapore's Inland Revenue Authority (IRAS) added the business expense deductibility checker to its business expenses guidance page on 29 September 2026. Companies can search or browse by expense type to see whether common business expenses are
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Philippines, Singapore finalise income tax treaty update
The Philippines and Singapore have completed negotiations on a modernised tax treaty on 25 September 2026, after four days of talks held in Singapore from 22 to 25 September 2026. The agreement replaces the original Double Taxation Agreement from
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Singapore updates guidance on transfer pricing treatment of share-based compensation from YA 2026
The Inland Revenue Authority of Singapore (IRAS) updated its Transfer Pricing guidance page on 25 September 2026 with additional guidance on transfer pricing adjustments relating to share-based compensation. The update sets out a revised
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Singapore: IRAS updates GST guidance on foreign currency transactions
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on foreign currency transactions, adding sections on approved exchange rate sources, the treatment of different transaction types, and the reporting of exchange gains and
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Singapore: IRAS updates guidance on tax treatment of employee loan benefits
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on the tax treatment of Benefits Relating to Loans, setting out the tax rules for interest-free and subsidised interest loans, loans provided to company directors and waived
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Singapore: IRAS updates tax guide on insurer business transfers
The Inland Revenue Authority of Singapore (IRAS) has issued an updated e-Tax Guide on 11 Sep 2026 (Third Edition), setting out the tax treatment for licensed insurers transferring their businesses to one another under section 117 of the Insurance
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Singapore: IRAS updates guidance on financial year-end changes
Singapore’s IRAS has updated its “Preparing a Tax Computation” guidance to explain how companies should determine their tax filing obligations following a change in financial year end. It covers cases where a company’s financial statements
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Singapore: IRAS clarifies tax treatment of loan waiver
The Inland Revenue Authority of Singapore (IRAS) has ruled that an intended waiver of a loan between a company and its intermediate holding company is a capital transaction, with any resulting gains not subject to tax under section 10(1) of the
See MoreSingapore: IRAS updates GST ACAP guidance
The Inland Revenue Authority of Singapore (IRAS) has published two updated e-Tax guides on the GST Assistance Compliance Assurance Programme (ACAP), including revised guidance for businesses renewing their ACAP status and those applying for ACAP for
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Singapore: IRAS clarifies tax treatment of foreign trust distributions
The Inland Revenue Authority of Singapore (IRAS) has ruled that certain tax deferred distributions received by a Singapore tax-resident company from a foreign property trust will not be subject to Singapore income tax, provided the distributions do
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Singapore updates EIS with AI activity
Singapore’s Enterprise Innovation Scheme (EIS) has been expanded to cover the adoption of artificial intelligence (AI), allowing businesses to claim a 400% tax deduction or allowance on up to SGD 50,000 of qualifying AI expenditure per Year of
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