Claiming Reliefs


  • Group Relief enables companies to deduct unutilised capital allowances/ trade losses/ donations of one company from the assessable income of another company in the same group.
  • Companies may carry-back unutilised capital allowances (CAs) and trade losses arising in a Year of Assessment (YA) to reduce the amount of taxes payable in an immediately preceding YA.
  • Companies may claim foreign tax credit (FTC) for tax paid in a foreign jurisdiction against the Singapore tax payable on the same income.