by admin | Jan 3, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued an advance ruling (Summary 1/2026) clarifying a critical procedural aspect of Section 10(25) of the Income Tax Act 1947. The case involves a Singapore branch (SG Branch) of a foreign-incorporated,...
by admin | Jan 3, 2026 | Accounting, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has issued an advance ruling (Summary No. 3/2026) clarifying the application of Section 10L economic substance requirements to investment holding entities. The ruling addresses a common practical issue: the eligibility of...
by admin | Jan 2, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued an advance ruling (Summary No. 2/2026) addressing the application of Section 10L economic substance requirements for an entity that is not a Pure Equity-Holding Entity (PEHE). This provides critical guidance...
by admin | Jan 1, 2026 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has promulgated the eighth edition of its Transfer Pricing Guidelines (STPG 8th Ed), effective from 19 November 2025. The update refines Singapore’s alignment with OECD standards and introduces significant operational...
by admin | Dec 31, 2025 | Accounting, Income Tax, Tech News
The operational framework for the jurisdiction’s implementation of the OECD Pillar Two global minimum tax rules has been formally completed. The Multinational Enterprise (Minimum Tax) (Administrative Matters) Regulations 2025 and the (Amendment No. 2) Regulations 2025...
by admin | Dec 31, 2025 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has published the prescribed Form for Registration under the Multinational Enterprise (Minimum Tax) Act 2024 (MMTA). This form initiates the formal compliance process for MNE groups subject to Singapore’s Pillar Two...
