Jun 6, 2025 · Where the gain of $300,000 is received in Singapore in 2025, the amount of the gain that is not subject to tax is calculated as follows: Modified nexus ratio = ($100,000 x …

On 30 December 2024, the Multinational Enterprise (Minimum Tax) Regulations 2024 (MMT Regulations) and Multinational Enterprise (Minimum Tax) Act 2024 (Declaration under Section …

Mar 4, 2025 · The Inland Revenue Authority of Singapore (IRAS) first published an e-Tax Guide (hereafter referred to as the “Guide”) on the tax treatment of gains or losses from the sale of …

For example, an investment holding company which derives only foreign-denominated one-tier tax exempt dividends from its wholly owned subsidiary in Singapore may enter into a hedging …

Dec 14, 2023 · Under Section 10L, gains from the sale or disposal of foreign assets will be subject to tax, if such gains are received in Singapore by businesses without economic substance. …

Jun 25, 2024 · Under the newly enacted Section 10L of the Singapore Income Tax Act (SITA), gains arising from the sale or disposal of foreign assets on or after 1 January 2024 which are …

Disposal gains received in Singapore by an entity1 of a relevant group from the sale or disposal of a foreign asset2 (such gains being deemed as foreign-sourced gains), will be treated as …

Losses from foreign asset sales can offset taxable gains under specific conditions, with any remaining loss carried forward for future tax offsets against chargeable gains in Singapore.

Sep 19, 2024 · Tax treatment of hedging gains/losses: The tax implications of gains and losses from hedging activities can depend on whether the hedge is considered effective, and the type …

Sep 26, 2023 · To facilitate IRAS’ review of taxpayers' income tax returns, businesses are encouraged to include a tax schedule in their income tax computation, showing an itemised …