Singapore Publishes Updated E-Tax Guide on Tax Exemption for Certain Foreign-Sourced Income

On 17 May 2021, the Inland Revenue Authority of Singapore (IRAS) published an updated e-Tax Guide Income Tax: Tax Exemption under Section 13(12) for Specified Scenarios, Real Estate Investment Trusts and Qualifying Offshore Infrastructure Project/Asset (Eighth Edition). The e-Tax Guide explains the scenarios and conditions under which the tax exemption under section 13(12) of the Income Tax Act (ITA) may be granted to resident taxpayers with effect from 31 May 2006. Subject to certain condit…