On December 9, 2014, Singapore’s Inland Revenue Authority announced that Singapore and the United States had on that day entered into a Model 1 FATCA IGA.

A new section 10L of the Income Tax Act 1947 (Section 10L), which treats as income chargeable to tax any gains from the sale or disposal of foreign assets by an entity of a relevant group if the gains...

Historically, Singapore has not taxed capital gains.

In line with the intention of the Royal Government of Cambodia ("RGC") to mitigate the economic impact of COVID-19 and support the recovery of the tourism sector...

The Income Tax (Amendment) Bill 2020 ("Bill") was read the first time on 5 October 2020 and passed in Parliament on 3 November 2020.

The Singapore Budget 2016 focused on driving growth within the economy, and much of this stems from supporting small-medium sized enterprises (SMEs).

It gives me pleasure to present to you the summer edition of our quarterly Asia Tax Bulletin. It contains a host of changes and developments, including China's

In this client alert, we analyse the recent decision of GIQ v Comptroller of Income Tax [2025] SGITBR 1 (GIQ), concerning a taxpayer in the debt collection business which purchased certain non-performing loans from the bank.

In the recent Redington Distribution Pte. Ltd case, the Chennai Bench of the Income-tax Appellate Tribunal (the "Chennai Tribunal) held that a subsidiary company based in Singapore...

Midway through SG 60 and the SG Cares campaign, the month of May marks the start of two landmark events in Singapore's philanthropy calendar - the Philanthropy Asia Summit (PAS) and Ecosperity Week.

The Singapore Budget 2024 marks a strategic move in enhancing the city-state's position as a financial hub with the extension and refinement of its various Fund Tax Incentive Schemes.

As discussed in a recent blog post, the Inland Revenue Authority of Singapore ("IRAS") has been issuing guidance on the impact of COVID-19 on transfer pricing issues.

This edition of the Asia Tax Bulletin contains a host of topics on tax matters which took place in Southeast Asia, the PRC, India, Japan and Korea during the past few months, including...

On 12 January 2017, the Inland Revenue Authority of Singapore (‘IRAS') released the fourth edition of the Singapore Transfer Pricing Guidelines.

New rules require all companies in Singapore to e-file their withholding tax and PIC cash payout application.

In response to the European Union's Code of Conduct Group, Hong Kong, Singapore and Malaysia have amended their local income tax laws to introduce a capital gains tax on the sale of assets.

Until 31st December 2024, the IRAS has generally been applying the interest restriction [2] as the arm's length proxy for domestic loans between related parties...