Singapore Updates e-Tax Guide on Certainty of Non-Taxation of Companies' Gains on Disposal of Equity Investments

The Inland Revenue Authority of Singapore has published an updated e-Tax Guide, Certainty of Non-taxation of Companies' Gains on Disposal of Equity Investments (Fourth Edition). The guide provides details on the tax measure to give upfront certainty of non-taxation to companies that derive gains from the disposal of equity investments, and is relevant to a company (divesting company) that disposes of investments in:

• ordinary shares of another company (investee company) on or after 1 June 20…