Latest Updates

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

• Paragraph 3.4 – Included a new paragraph on the refinement for S-REITs as announced in Budget 2025.
• Paragraph 5.2 – Updated the tax treatment of S-REITs prior to YA 2024.
• Paragraphs 2.1(b), 5.3(b), 5.5(f), 5.6, 5.8, example 2 in Annex 2 and Annex 4 – Removed the requirement for the company to be incorporated in Singapore with effect from 19 February 2025.
• Paragraph 5.4 – Updated to include foreign-sourced rental and ancillary income remitted into Singapore from 19 February 2025.
• Paragraph 5.5 – Updated the header of the table to include foreign-sourced rental and ancillary income.
• Paragraph 5.5(d) – Updated to clarify that the funds channelled out of Singapore may be used to finance investments in overseas property.
• Paragraph 5.5(f) – Updated that the remitted income (net of qualifying expenses) can be passed through to the S-REIT in the form of repayment of shareholder loans and return of capital, and that Singapore sub-trust can deduct other operational expenses against its income before remitting the remaining amount to the S-REIT. This change took effect from 19 February 2025.
• Paragraphs 5.8 and 6.7 – Updated the extension of the section 13(12) tax exemption for S-REIT and qualifying offshore infrastructure project/asset.
• Annex 4 – Removed footnote 1 and updated section 3 of the Section 13(12) Declaration Form.

Update of Certificate of Residence (COR) application links.

Added information on payment of taxes for deceased taxpayers.

Amendments made to paragraphs 4.2 to 4.5 and Appendix 2 on editorial changes and to clarify that GST-registered REIT and GST-registered qualifying Registered Business Trusts listed in Singapore are not required to submit a separate statement of claims with their GST returns, unless requested by IRAS.