The Inland Revenue Authority of Singapore (IRAS) has published a new e-Tax Guide, Tax Framework for Transfer of Business by Insurers. The e-Tax Guide sets out the tax framework for the transfer of business by insurers licensed under section 11 of the Insurance Act 1966 (licensed insurers) and is relevant to Singapore-incorporated licensed insurers that carry out a transfer of business effected by a scheme of transfer under section 117 of the Insurance Act 1966 (IA). --- 2. At a glance 2.1. To ensure parity in treatment for companies in the insurance business with other companies, the tax framework for...