The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide, Income Tax: Tax Deduction for Expenses Incurred on Renovation or Refurbishment Works Done to Business Premises (Seventh Edition). The main updates to the e-Tax Guide concern the changes announced in Budget 2023 and 2024.

The e-Tax Guide explains the tax deduction granted under section 14N of the Income Tax…