OrbitaxSingapore Advance Ruling on Tax Treatment of Novation of Agreements
|Approved Changes|Singapore
The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 6/2025 on the tax treatment of the novation (transfer) of agreements.
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Advance Ruling Summary No. 6/2025
1. Subject:
Whether the novation of Company A's Agreements to Company B due to the transfer of certain business segment ("Business Segment Y") as part of the internal group restructuring (in the mann…
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