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
See More
Singapore: IRAS clarifies tax treatment of loan waiver
Singapore’s 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)
See More
Singapore: IRAS updates GST ACAP guidance
Singapore’s 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
See More
Singapore: IRAS clarifies tax treatment of foreign trust distributions
Singapore’s 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
See More
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
See More
Singapore: IRAS issues property gains tax ruling
The Inland Revenue Authority of Singapore (IRAS) has ruled that gains made by a Singapore-incorporated company from the sale of certain long-term investment properties are capital in nature and therefore not income subject to tax under Section 10(1)
See More
Singapore: MAS announces tax break, incentives to strengthen asset management competitiveness
The Monetary Authority of Singapore (MAS) announced three new measures on 19 August 2026 to enhance Singapore’s competitiveness as a leading asset management hub. The measures include a proposed tax exemption on profit-related returns from fund
See MoreSingapore adopts OECD crypto reporting framework
Singapore will implement the OECD Crypto-Asset Reporting Framework (CARF) from 1 January 2027, requiring in-scope crypto-asset service providers to carry out due diligence on users and report prescribed tax and transaction information to the Inland
See MoreBangladesh, Singapore advance free trade agreement negotiations
Officials from Bangladesh and Singapore have called for the early conclusion of the proposed bilateral Free Trade Agreement (FTA) and stronger business-to-business engagement to expand trade, investment and economic cooperation during separate
See MoreSingapore: IRAS updates GST guidance for property owners
Singapore’s Inland Revenue Authority of Singapore (IRAS) has updated its guidance on the GST treatment of property transactions, including the treatment of an Option to Purchase (OTP) containing a nominee clause. The IRAS has published the GST:
See MoreSingapore: IRAS updates major exporter scheme GST guide with revised compliance requirements
The Inland Revenue Authority of Singapore (IRAS) has published the e-Tax Guide GST: Major Exporter Scheme (Eighteenth Edition) on 3 August 2026, setting out the latest guidance on the operation of the Major Exporter Scheme (MES). The guide explains
See MoreSingapore: IRAS updates Certificate of Residence guidance, clarifies eligibility conditions
The Inland Revenue Authority of Singapore (IRAS) has revised its guidance on Applying for a Certificate of Residence/ Tax Reclaim Form. The update provides clearer guidance on the conditions that foreign-owned investment holding companies must
See MoreSingapore adds related party transaction reporting to corporate tax compliance focus
The Inland Revenue Authority of Singapore (IRAS) has updated its Getting Companies to Comply guidance, adding the timely and accurate filing of the Form for Reporting Related Party Transactions (RPT Form) as a new ongoing area of corporate tax
See MoreSingapore updates list of jurisdictions for the automatic exchange of CbC reports
The Inland Revenue Authority of Singapore (IRAS) has expanded its network for the automatic exchange of Country-by-Country (CbC) reports by adding Greenland to the list of participating jurisdictions. The update, published on 21 July 2026,
See More
Singapore updates guidance on current areas of GST audits
The Inland Revenue Authority of Singapore (IRAS) updated its guidance on the Current Areas of GST Audits, introducing clearer content, improved readability and new sections explaining the actions taxpayers should take and the consequences of errors
See More
Singapore updates GST guidance on employee fringe benefits
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on Employee fringe benefits, providing additional clarification on the Goods and Services Tax (GST) treatment of benefits that employers provide to their employees. The
See MoreBhutan: National Council approves income tax treaty with Singapore
Bhutan's National Council approved the income tax treaty with Singapore on 10 June 2026. Signed on 12 May 2026, the agreement clarifies the taxing rights of both countries on income arising from cross-border business activities, and addresses the
See More
Singapore: IRAS issues advance ruling on offshore dividend payments
The Inland Revenue Authority of Singapore (IRAS) published Advance Ruling Summary No. 10/2026 on 1 Jul 2026, clarifying when dividend income received from an offshore subsidiary and subsequently paid to shareholders is not regarded as being
See More