Latest Updates

Claiming foreign tax credit

Pages 11 Jun 2026

Amendments

Amendments

The page has been enhanced to provide clearer guidance on the steps and documents required for sole proprietors and partnerships to claim foreign tax credit. 

Business Expenses

Pages 11 Jun 2026

Amendments

Amendments

Deductible business expense on payments for related party services added. 

SINGAPORE AND TANZANIA SIGN AVOIDANCE OF DOUBLE TAXATION AGREEMENT

Media Release 10 Jun 2026

Registration for Multinational Enterprise Top-up Tax and Domestic Top-up Tax

Pages 08 Jun 2026

Amendments

Amendments

A new FAQ for registration for Pillar 2 Top-up Taxes has been published. 

Deposits and Downpayment

Pages 04 Jun 2026

Amendments

Amendments

Page has been enhanced for readability and a new example on deposits forfeited for early termination of contract has been added. 

Income Tax: Transfer Pricing Guidelines (Ninth Edition) (PDF, 1.3 MB)

e-Tax Guide 04 Jun 2026

Amendments

Amendments

Paragraph 5.120 relating to share-based compensation is added to the IRAS Transfer Pricing Guidelines. 

Gifts and Samples

Updated Content 04 Jun 2026

Amendments

Amendments

Page has been enhanced for readability and included clarifications on how to determine the OMV of goods intended as gifts as opposed to that that were not originally purchased as gifts.

Global Anti-Base Erosion (GloBE) Rules and Domestic Top-up Tax (DTT)

Pages 03 Jun 2026

Amendments

Amendments

Updated to reflect the implementation of the Side-by-Side package in Singapore in accordance with the Inclusive Framework’s agreement

Advance Ruling System for Income Tax

Pages 02 Jun 2026

Amendments

Amendments

1 new ruling summary added to 'Summary of Income Tax Advance Rulings Issued (Other than Individual Income Tax)'

Changing GST Accounting Periods

Updated Content 02 Jun 2026

Amendments

Amendments

Restructured the webpage to improve readability, including a clearer example on Special Accounting Periods and a new section on how to request changes to GST accounting periods.