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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.

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

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).

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...

The Singapore government brought the Income Tax (Refundable Investment Credits) Regulations 2025 (S 577/2025) into force on 1 September, which introduce tax credits of up to 50% for qualifying business investments under the Global Anti-Base Erosion (GloBE) Rules of the OECD/G20 Pillar Two framework.

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...

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.

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.

Summary of recent developments in a range of areas of law.

So far, media coverage has largely been on the revelation of the use of secretive offshore companies by various political personalities, celebrities and their family members to hide their wealth from prying eyes.

The Monetary Authority of Singapore (MAS) issued a circular on 1 October setting out details of the extension and revisions made to the fund tax incentives schemes...

The Singapore parliament approved, on 15 October, the Multinational Enterprise (Minimum Tax) Bill, which seeks to implement two new top-up taxes under the OECD's BEPS and ensure that Singapore is compliant with the international tax framework.

Tax deductions are available for costs incurred in the registration, acquisition and licensing of intellectual property.