Latest Updates

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.

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

• The e-Tax Guide has been renamed from “Income Tax: Concession for Enterprise Development – Deduction of Certain Expenses Incurred Before Business Revenue is Earned” to “Income Tax: Deduction for Expenses Incurred Before First Dollar of Income is Earned” as the concession has been legislated under section 14R of the ITA.
• The provisions have been updated to make reference to the renumbered provisions in the Income Tax Act 1947 (2020 Revised Edition).
• The examples in the Annex have been updated to more recent dates, where applicable.