{"id":1353,"date":"2019-12-12T08:37:14","date_gmt":"2019-12-12T00:37:14","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=1353"},"modified":"2020-01-19T08:45:00","modified_gmt":"2020-01-19T00:45:00","slug":"e-tax-guide-on-pioneer-incentive-tax-treatment-of-gains-and-losses-from-a-separate-trade-revised","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2019\/12\/12\/e-tax-guide-on-pioneer-incentive-tax-treatment-of-gains-and-losses-from-a-separate-trade-revised\/","title":{"rendered":"e-Tax Guide on Pioneer Incentive: Tax Treatment of Gains and Losses from a Separate Trade revised"},"content":{"rendered":"\n<p>On or about 12 December 2019, the Inland Revenue Board of Singapore (IRAS) has released the third edition of the e-Tax Guide on <em>Pioneer Incentive: Tax Treatment of Gains and Losses from a Separate Trade<\/em>. It replaces the second edition published on 29 August 2017.<\/p>\n\n\n\n<p>The e-Tax Guide has been updated and re-written as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>to define statutory income in paragraph 3.5;<\/li><li>to clarify that the statutory income, and not the adjusted profit, of the separate trade of the pioneer enterprise or pioneer service company is deemed to be 5% of the gross revenue for the purpose of section 8(3) of the EEIA by amending paragraph 5.2. The application of this change will take effect from Year of Assessment 2020; and<\/li><li>to streamline the considerations for waiver of sections 8(2) and 8(3) requirements under paragraph 6.<\/li><\/ul>\n\n\n\n<p>For more information, please visit the IRAS website.<\/p>\n\n\n\n<p>Source: IRAS website, 12 December 2019.<\/p>\n\n\n<p><!--EndFragment--><br>\n<br>\n<\/p>","protected":false},"excerpt":{"rendered":"<p>On or about 12 December 2019, the Inland Revenue Board of Singapore (IRAS) has released the third edition of the e-Tax Guide on Pioneer Incentive: Tax Treatment of Gains and Losses from a Separate Trade. It replaces the second edition published on 29 August 2017. The e-Tax Guide has been updated and re-written as follows: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,6],"tags":[],"class_list":["post-1353","post","type-post","status-publish","format-standard","hentry","category-incometax","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=1353"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1353\/revisions"}],"predecessor-version":[{"id":1354,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1353\/revisions\/1354"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=1353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=1353"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=1353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}