Singapore Announces Additional Loan and Cashflow Support for Landlords and Businesses Affected by COVID-19

The Inland Revenue Authority of Singapore (IRAS) has issued a release announcing a package of measures to support landlords that may face cash flow constraints as a result of providing relief to tenants as proposed under the COVID-19 (Temporary Measures) (Amendment) Bill (COVID-19 Amendment Bill). In relation to the rental relief, the release includes that the IRAS will further extend the timelines for S-REITs to distribute their taxable income derived in FY2020 and FY2021.

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Further E…