by admin | Apr 4, 2024 | Accounting, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has clarified that income derived from the sale of solar-generated electricity by Real Estate Investment Trusts (REITs) does not qualify for tax transparency treatment under the Income Tax Act 1947. The determination was...
by admin | Apr 3, 2024 | Accounting, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has released an Advance Ruling Summary No. 4/2024 on 1 April 2024, addressing whether the transfer of properties between related entities constitutes a capital transaction or revenue-based disposal. The ruling outlines a...
by admin | Apr 3, 2024 | Accounting, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released an Advance Ruling Summary No. 2/2024, addressing a key question regarding the classification of an exchange fee paid during a note exchange transaction for income tax purposes. Ruling Summary: Entity: The...
by admin | Mar 19, 2022 | Income Tax, Tech News
On or about 18 Mar 2022, the Inland Revenue Authority of Singapore (IRAS) has published the Fourth edition of the e-Tax guide, Income Tax: Tax Treatment of Public-Private Partnership Arrangements. It replaces the Third edition published on 22 Feb 2019. This e-Tax...
by admin | Mar 16, 2022 | Income Tax, Tech News
On or about 14 Mar 2022, the Convention between the Singapore and the Government of the Hellenic Republic (“Greece”) for the Elimination of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Capital (“the Convention”), signed...
by admin | Mar 4, 2022 | Employment, Income Tax, Tech News
On or about 3 Mar 2022, the Inland Revenue Authority of Singapore (IRAS) has updates its website contents to tax season 2022 – all you need to know. An individual taxpayer may start filing for the Year of Assessment 2022 from 1 Mar 2022: A filing notification...
