The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 14/2023 on whether tax deferred distributions derived from a foreign trust would be subject to Singapore income tax. --- Advance Ruling Summary No. 14/2023 1. Subject: a. Whether the tax deferred distributions derived from a foreign trust would be subject to Singapore income tax. 2. Relevant background and facts: a. Company A is a private limited liability company that is incorporated and tax resident in Singapore. The principal activity of the Company is that of investment holding. b. Company A is the sole unitholder of a property trust...