Latest Updates

Updated to announce IRAS’ proposal to mandate Revise/ Object to Assessment digital service from 1 Jul 2027

Updates are made to the following:

• General information on the processing of RICs
• Tax treatment of RICs

Updates are made to the following:

• Registration requirements and FAQs
• Corppass Administrator information
• Registration form
• Explanatory notes to the registration form

• Updated paragraph 5.4 to clarify that the tax reference number of the sub-fund will be included in the CORs issued to an umbrella VCC in respect of the sub-fund.
• Updated paragraph 5.8 to include section 92K of the ITA which does not apply to a VCC.
• Removed the footnote on section 14EB of the ITA as the section has been enacted.
• Updated the table in paragraph 5.10 to include exemption for foreign-sourced income.
• Updated footnote 28 to reflect the CIT rebate and CIT rebate cash grant announced in Budget 2026 and the Ministerial Statement on the impact of Middle East Situation on Singapore announced on 7 April 2026.
• Inserted paragraphs 5.17 to 5.19 on exemption for foreign-sourced income which is applicable to sub-fund(s) of a VCC.
• Updated the numbering of footnotes and sections.
• Minor editorial changes.