Will Writing and Will Registration in Singapore
The Problem Statement A properly executed will serves no purpose if it cannot be located after death. Even with a valid will, if no one knows of its existence or where it is stored, the testator's intentions and plans are effectively nullified. Conversely, some...
Understand CPF Interest Rate Determination Mechanism
The Central Provident Fund (CPF) interest rates are not fixed arbitrarily. They follow legislated formulas linked to market benchmarks, with guaranteed floors for certain accounts. This note explains the mechanics for Ordinary Account (OA) and...
Overview of Tax Reliefs for YA 2026
This technical note consolidates the key personal tax reliefs available to Singapore tax residents for Year of Assessment 2026. The reliefs are categorized into three groups: (i) manually claimable reliefs, (ii) automatic reliefs, and (iii) voluntary...
SFRS(I) 15: Multiple Methods for SSP Estimation
In applying the revenue from contracts with customers standard, a company may sometimes need to use more than one method to estimate the stand-alone selling prices (SSP) of goods or services within a contract, particularly when two or more items have highly variable...
Strategic Utilization of Tax Deductions Beyond Standard Reliefs
Recent internal technical training reviewed the critical distinction between tax reliefs and tax deductions. While reliefs provide a baseline reduction to chargeable income, deductions offer a significantly larger avenue for tax savings, particularly for individuals...
Amendments to the Income Tax (Refundable Investment Credits) Regulations 2025 and Related Administrative Notifications
The Income Tax (Refundable Investment Credits) Regulations 2025 have been amended with effect from 1 April 2026. Concurrently, two Assignment of Functions notifications under section 3A of the Income Tax Act 1947 have been issued to enhance the administrative powers...
Classification of Subordinated Perpetual Securities as “Debt Securities” under Section 43H(4)
Background The trustee of a real estate investment trust (REIT) established and listed in Singapore issued a tranche of subordinated perpetual securities (the “Securities”). The Securities possess features that render them hybrid in nature – treated as equity for...
Section 10L Tax Treatment of Gains or Losses from Sale of Foreign Assets
The Inland Revenue Authority of Singapore (IRAS) has issued Advance Ruling Summary No. 2/2026 (dated 2 January 2026) read together with IRAS Advance Ruling Summaries Nos. 7/2025, 10/2025, 14/2025, addressing the economic substance requirements for non-PEHEs. The...
GST Treatment of Beverage Container Return Scheme (BCRS) Deposits
From 1 April 2026, the Beverage Container Return Scheme (BCRS) is operational in Singapore. Under this regulatory framework, sellers of regulated beverages are required to collect a refundable deposit of $0.10 per regulated beverage container, in addition to the...
Corporate Tax Rebate for Listed Entities – Application Now Open
Section 92K of the Income Tax Act 1947 introduces a Listing Corporate Income Tax (CIT) Rebate to incentivise companies to raise public capital and expand economic activities in Singapore. Eligible entities may claim a rebate of either 10% or 20% of their CIT...