Latest Updates

FAQs updated to include the income tax treatment involving an appropriation of trading stock for non-trade or capital purposes.

New content on the computation of balancing adjustment when an asset is converted to trading stock.

1. The service standard for the application review process has been revised. 

2. Summary of Income Tax Advance Ruling (1 Apr 2022)

New content on deductibility of cash top-ups made by employers to employees’ CPF MediSave Accounts, on the employees’ behalf.

New content on deductibility of cash top-ups made by employers to employees’ CPF MediSave Accounts, on the employees’ behalf.