OrbitaxSingapore Advance Ruling on Tax Treatment of Certain Income and Expenses Under the Shipping Incentive
|Approved Changes|Singapore
The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 8/2023 on the tax treatment of certain income and expenses under the shipping incentive.
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Advance Ruling Summary No. 8/2023
1. Subject:
Whether:
a. the compensation income (i.e., Dowry income) received by Company A from its parent company, Company B, qualifies for tax exemption under Section 13E of t…
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