Singapore Provides New Guidance on Classification of Foreign Entities for Singapore Income Tax Purposes

The Inland Revenue Authority of Singapore has published new guidance on the Classification of Foreign Entities for Singapore Income Tax Purposes.

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Classification of Foreign Entities for Singapore Income Tax Purposes

There are tax implications connected to the classification of a foreign entity for income tax purposes. For instance, depending on whether a foreign entity is a company or a partnership for Singapore income tax purposes, tax may either be imposed on the entity or on the en…