Singapore: IRAS updates tax framework for Variable Capital Companies in fourth edition guide
The Inland Revenue Authority of Singapore (IRAS) issued an updated e-Tax Guide, Tax Framework for Variable Capital Companies (Fourth Edition) on 22 April 2026. This e-Tax Guide sets out the tax framework for Variable Capital Companies (VCCs), a
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Kenya, Singapore income tax treaty takes effect
The Inland Revenue Authority of Singapore confirmed that a new income tax agreement with Kenya became operational on 20 April 2026. This treaty, originally signed on 23 September 2024, supersedes a previous 2018 agreement that was never
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Singapore: IRAS classifies REIT perpetual securities as debt for tax purposes
Singapore’s Inland Revenue Authority of Singapore (IRAS) has published Advance Ruling Summary No. 6/2026 on 1 April 2026 clarifying the tax treatment of subordinated perpetual securities issued by a Singapore-listed real estate investment trust
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Singapore expands direct tax bill scheme, exempting most individuals from filing returns
Singapore’s Inland Revenue Authority of Singapore (IRAS) has announced that around SGD 1 million taxpayers will receive their tax bills directly from mid-March 2026 under the Direct Notice of Assessment (D-NOA) initiative for the Individual Income
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Singapore signs GloBE information exchange agreement under Pillar Two
Singapore signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) under Pillar Two of the OECD/G20 Inclusive Framework’s Two-Pillar Solution on 14 April 2026. The agreement establishes a framework
See MoreSingapore: IRAS approves excluded entity status for company A
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
See MoreSingapore introduces form for waiver of shareholding test on unutilised items
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
See MoreSingapore: IRAS updates GST guidance for construction services
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
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Singapore to engage USTR over Section 301 probe citing disputed trade data
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
See MoreSingapore: IRAS updates MCAA-CbC jurisdiction list
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
See MoreSingapore: IRAS updates CbC reporting jurisdictions
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
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Bhutan, Singapore conclude second round of tax treaty negotiations
Bhutan's Department of Revenue and Customs reported that officials from Bhutan and Singapore completed the second and final round of negotiations for an income tax treaty on 6 March 2026. Officials resolved outstanding issues in the negotiations,
See MoreSingapore: IRAS updates tax guidance for platform workers
Singapore’s Inland Revenue Authority has released updated guidance on the tax obligations of platform workers. This includes: Basic guide for platform workers The basic guide serves as a checklist for platform workers, including
See MoreSingapore: IRAS advance ruling confirms property sale treated as capital transaction
The Inland Revenue Authority of Singapore (IRAS) has published Advance Ruling Summary No. 4/2026 on 2 March 2026, addressing whether the sale of a company’s property should be regarded as a capital transaction rather than taxable trading
See MoreSingapore confirms second income tax treaty protocol with Cambodia
Singapore’s Ministry of Finance (MoF) has confirmed that the second protocol amending the income tax treaty with Cambodia entered into force on 6 March 2026. Signed on 2 November 2023, the protocol updates the DTA’s preamble and introduces a
See MoreSingapore: IRAS updates CbC report exchange jurisdictions
The Inland Revenue Authority of Singapore (IRAS) has revised the list of jurisdictions with which it will exchange Country-by-Country (CbC) reports under the Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country
See MoreMercosur, Singapore free trade agreement enters into force
The Mercosur-Singapore Free Trade Agreement (MCSFTA) enters into force for Paraguay from 1 February 2026 and Uruguay from 1 March 2026. It is the first trade deal between Singapore and the founding Mercosur members – Argentina, Brazil,
See MoreSingapore: IRAS updates GST registration guide with InvoiceNow requirement for new registrants
The Inland Revenue Authority of Singapore (IRAS) has updated its Guide to completing the GST registration form, with the main change highlighting the InvoiceNow implementation date for all new GST-registrants, including those required to register
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