On or about 11 July 2019, the Inland Revenue Board of Singapore (IRAS) has published the fourth edition of the e-Tax Guide on Income Tax Treatment of Real Estate Investment Trusts and Approved Sub-Trusts. It replaces the third edition published on 19 June 2019.
The update amends the Joint Undertaking by the Trustee and Manager sample document by replacing the term “section 13CA, 13R or 13X” with the “section 13CA, 13X or 13Y.”
It now states that a qualifying non-resident fund is one which qualifies for tax exemption under section 13CA, 13X or 13Y of the Income Tax Act.
Source: IRAS website, 11 July 2019