On 4 July 2018, the Inland Revenue Authority of Singapore (IRAS) has updated the Second Edition of IRAS e-Tax Guide: Tax Framework for Corporate Amalgamations.
This e-Tax Guide was first published on 20 January 2010 to facilitate mergers and consolidations of companies in Singapore which was announced by the Minister for Finance in his Budget Speech for FY 2009, introduces a new tax framework for corporate amalgamations.
The amendments made are mainly editorial changes to items 1, 5 and 6 of the table in Annexure D to improve readability of the summary of GST implications with regards to corporate amalgamations whose companies have elected for the new tax framework under s 34C(4) of the Income Tax Act.
Source: IRAS, 11 July 2018