On or about 9 April 2019, the Inland Revenue Authority of\nSingapore (IRAS) has published the fourth edition of e-Tax Guide: Carry-Back\nRelief System. It replaces the third edition which was published on 2 April 2018.<\/p>\n\n\n\n
This e-Tax Guide aimed to provide details on the carry-back\nrelief system. It is relevant to companies if they have unabsorbed capital\nallowances1 (\u201cCA\u201d) or unabsorbed trade losses from trade, business, profession\nor vocation for the current year.<\/p>\n\n\n\n
Companies must indicate any election to carry back the\nqualifying deductions of any current YA to the immediate-preceding YA in their\nIncome Tax Return (Form C) and the tax computation when filing their Form C for\nthe relevant YA. Companies that wish to make the election cannot use Form C-S.<\/p>\n\n\n\n
This revised guide has amended Paragraph 9.3 to incorporate\nchanges to the administrative requirements in making the election.<\/p>\n\n\n\n
Source: IRAS<\/em>, 9 April 2019<\/p>\n","protected":false},"excerpt":{"rendered":" On or about 9 April 2019, the Inland Revenue Authority of Singapore (IRAS) has published the fourth edition of e-Tax Guide: Carry-Back Relief System. It replaces the third edition which was published on 2 April 2018. This e-Tax Guide aimed to provide details on the carry-back relief system. It is relevant to companies if they […]<\/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":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,6],"tags":[],"class_list":["post-986","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\/986","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=986"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/986\/revisions"}],"predecessor-version":[{"id":988,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/986\/revisions\/988"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=986"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}