• Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 6/12/2014

Singapore - Tax exemption expanded for qualifying foreign-source dividend income 

June 12:  The Inland Revenue Authority of Singapore in late May 2014 released the second version of guidance concerning an exemption from income tax for:
  • Foreign-sourced income derived by Singapore companies
  • Singapore-listed real estate investment trusts (REITs)
  • Singapore-listed entities that invest in offshore infrastructure projects or assets

The guidance (known as an “e-Tax Guide”) expands the scope of the tax exemption to include foreign-sourced dividend interest income that originates from income from a qualifying offshore infrastructure project or asset.

The guidance also provides a new time limit for filing a declaration form, as well as “grandfather rules” for Singapore REITs.

Read a June 2014 report [PDF 300 KB] prepared by the KPMG member firm in Singapore: New e-Tax Guide on Tax Exemption under Section 13(12)

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