Latest Updates

The MLI changes to Singapore's DTA with Mongolia enters into force on 1 January 2025

Updated Content 01 Jan 2025

FAQs on Spontaneous Exchange of Information

Updated Content 01 Jan 2025

Amendments

Amendments

Changed the date periods to reflect the new schedule for rulings accepted after 1 January 2025. 

Multinational Enterprise Top-up Tax and Domestic Top-up Tax (PDF, 0.9 MB)

e-Tax Guide 31 Dec 2024

Basic Guide to Corporate Income Tax for Companies

Pages 19 Dec 2024

Amendments

Amendments

Newly added Form ‘Request for Income Tax Return for Newly Incorporated Companies’.

Dormant Companies

Pages 19 Dec 2024

Amendments

Amendments

Newly added Form ‘Recommencement of Business’.

Companies Applying for Strike Off / to Cease Registration

Pages 19 Dec 2024

Amendments

Amendments

Newly added ‘Step-by-Step Checklist’ for companies to check for any outstanding tax matters with IRAS before proceeding to apply for strike off with ACRA.

Overseas Humanitarian Assistance Tax Deduction Scheme

Updated Content 16 Dec 2024

Amendments

Amendments

Added Singapore Red Cross Society, Mercy Relief Limited and Rahmatan Lil Alamin Foundation Ltd to the list of designated charities (effective from 1 January 2025).

IRAS publishes list of OECD resources on the Amended CRS

Updated Content 09 Dec 2024

IRAS publishes list of OECD and IRAS CARF resources

New Content 09 Dec 2024

Income Tax: Tax Treatment of Gains or Losses from the Sale of Foreign Assets (PDF, 503.3 KB)

e-Tax Guide 09 Dec 2024

Amendments

Amendments

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

• Editorial changes made to various paragraphs;
• Paragraphs 8.7 and 8.8 are revised to paragraphs 8.12 and 8.13.
• Updated footnote 16 on full-time employees; and
• Included additional FAQs 2, 3, 8, 15, 17 to 22.