On 9 July 2018, the Inland Revenue Authority of Singapore (IRAS) has updated the Second Edition the e-Tax Guide to Income Tax Treatment of Real Estate Investment Trust Exchange-Traded Funds to replace the first edition that was published on 12 April 2018.
This e-Tax Guide has incorporated the following changes:
(i) To change the requirement for a REIT ETF to “distribute all income (net of expenses) to unitholders”, to “distribute all distributions received from S-REITs (net of expenses) to unitholders”; and
(ii) To reflect that any undistributed income arising from redemptions of units in a REIT ETF after distribution declaration date must be rolled over to the next distribution period and be distributed to unitholders.
Source: IRAS, 22 July 2018