{"id":1708,"date":"2021-04-02T13:51:31","date_gmt":"2021-04-02T05:51:31","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=1708"},"modified":"2021-04-27T14:01:59","modified_gmt":"2021-04-27T06:01:59","slug":"e-tax-guide-income-tax-treatment-of-foreign-exchange-gains-or-losses-for-businesses-2","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2021\/04\/02\/e-tax-guide-income-tax-treatment-of-foreign-exchange-gains-or-losses-for-businesses-2\/","title":{"rendered":"e-Tax Guide, Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses"},"content":{"rendered":"\n

On or about 31 Mar 2021, the Inland Revenue Authority of Singapore (IRAS) has published the fourth edition of the IRAS e-Tax Guide on Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses. It replaces the third edition published on 17 Aug 2020. <\/p>\n\n\n\n

This e-Tax Guide provides details on the tax treatment of foreign exchange gains or losses for businesses (banks and businesses other than banks). It consolidates the two e-Tax guides issued previously on the income tax treatment of foreign exchange gains or losses.<\/p>\n\n\n\n

  1. \u201cTreatment of foreign exchange gains or losses for banks\u201d published on 2 Nov 1993; and<\/li>
  2. \u201cIncome Tax Treatment of Foreign Exchange Gains or Losses for Businesses\u201d published on 28 Nov 2003. <\/li><\/ol>\n\n\n\n

    In this fourth edition, the following revisions were made: <\/p>\n\n\n\n

    1. Update the definition of \u201cTranslation foreign exchange differences\u201d in Glossary under paragraph 3.6 of the guide; and<\/li>
    2. Include Frequently Asked Questions (FAQs) in Annex C on the designated bank account treatment and the application of the de-minimis<\/em> limit.<\/li><\/ol>\n\n\n\n

      Source: IRAS<\/em>, 2 April 2021<\/p>\n\n\n


      \n
      \n<\/p>","protected":false},"excerpt":{"rendered":"

      On or about 31 Mar 2021, the Inland Revenue Authority of Singapore (IRAS) has published the fourth edition of the IRAS e-Tax Guide on Income Tax Treatment of Foreign Exchange Gains or Losses for Businesses. It replaces the third edition published on 17 Aug 2020. This e-Tax Guide provides details on the tax treatment of […]<\/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-1708","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\/1708","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=1708"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1708\/revisions"}],"predecessor-version":[{"id":1709,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1708\/revisions\/1709"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=1708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=1708"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=1708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}