Latest Updates

Getting Companies to Comply

Pages 10 Aug 2023

Amendments

Amendments

Updated write-up on “Family-Owned/ Managed Companies”. 

Summary of Income Tax Advance Ruling Issued (1 Aug 2023)

Pages 01 Aug 2023

Foreign Tax Credit Pooling (Second Edition) (PDF, 301.4 KB)

e-Tax Guide 21 Jul 2023

Amendments

Amendments

The e-Tax Guide has been updated with the following changes:

• Editorial changes to various paragraphs;
• Renumbered the provisions in the Income Tax Act 1947; and
• Updated the illustrations in the Annexes to more recent YAs.

Country-by-Country Reporting (CbCR)

Pages 20 Jul 2023

Amendments

Amendments

Added Aruba to the list of jurisdictions that have exchange relationships with Singapore.

MOF and IRAS Accept Audit Observations in AGO’s FY 2022/2023 Report, Commit to Learn and Improve

Media Release 19 Jul 2023

After Filing Form C-S/ Form C-S (Lite)/ Form C

Updated Content 06 Jul 2023

Amendments

Amendments

Information on the time limit to claim relief in respect of error or mistake has been added under the “Tax Assessment Process”. 

Summary of Income Tax Advance Ruling Issued (3 Jul 2023)

Updated Content 03 Jul 2023

Enterprise Innovation Scheme (PDF, 0.6 MB)

e-Tax Guide 30 Jun 2023

The MLI changes to Singapore’s DTA with Mexico enters into force on 1 July 2023

Updated Content 30 Jun 2023

Record Keeping Requirements

Updated Content 28 Jun 2023

Amendments

Amendments

Content has been reorganised, and a new section has been added to test companies’ understanding on record keeping. Companies are encouraged to review their existing record keeping standards and identify the possible areas for improvement using IRAS’ self-assessment toolkit.