Update to Tax Framework for Insurance Business Transfers
The Inland Revenue Authority of Singapore (IRAS) has issued a substantive update to its e-Tax Guide, "Tax Framework for Transfer of Business by Insurers." The amendments, effective 9 January 2026, introduce critical administrative flexibilities and clarify procedural...
IRAS Clarifies GloBE Impact on Section 13(12) Tax Exemption Eligibility
The Inland Revenue Authority of Singapore (IRAS) has issued critical clarifications on the application of the section 13(12) and 13(12A) income tax exemptions, specifically addressing the interaction with the Global Anti-Base Erosion (GloBE) rules. The guidance,...
IRAS Publishes Revised e-Tax Guide on Multinational Enterprise (Minimum Tax) Act 2024
The Inland Revenue Authority of Singapore (IRAS) issued an updated e-Tax Guide on 7 January 2026, providing critical clarifications for the implementation of the Multinational Enterprise (Minimum Tax) Act 2024 (MMTA). The update confirms Singapore’s regime has...
2026 Tax Filing Deadlines and Compliance Protocols for Partnerships and Non-Corporate Entities
The Inland Revenue Authority of Singapore (IRAS) has formally announced the filing timeline for the Year of Assessment (YA) 2026 for non-corporate entities via The Government Gazette (2 Jan 2026). Key dates mandate attention from professional practitioners. Critical...
OECD Releases New Pillar Two Safe Harbours, Easing Compliance for Multinationals
The OECD/G20 Inclusive Framework has announced significant simplifications to the Global Anti-Base Erosion (GloBE) Rules under Pillar Two. The newly agreed safe harbours, detailed in a 5 January 2026 Side-by-Side Package, aim to reduce administrative burdens for...
IRAS Sets 2026 Indicative Margin for Related Party Loans
The Inland Revenue Authority of Singapore (IRAS) has established the prescribed indicative margin for related party loans at +180 basis points (1.80%) for the 2026 calendar year. This margin, referenced to Risk-Free Rates (RFRs), serves as a critical benchmark for...
IRAS Rules on Branch Profit Repatriation Using Foreign-Sourced Dividends
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,...
IRAS Clarifies Economic Substance Test for Non-Pure Equity Holding Companies
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...
IRAS Ruling Clarifies Economic Substance for Non-Pure Equity Holding Entities
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...
IRAS Releases Eighth Edition of Transfer Pricing Guidelines: Key Implications for Taxpayers
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...