The Inland Revenue Authority of Singapore has published summaries of recent income tax advance rulings, including a ruling regarding the withholding tax treatment of interest payments by a Singapore company to a Singapore limited partnership with non-resident partners. In particular, the ruling addresses whether: B Limited Partnership ("B LP") is a transparent entity for Singapore income tax purposes. The requirements for Singapore withholding tax on the interest payments made to B LP should depend on the tax residency status of the respective partners of B LP. Relevant background and facts: Company B ("Co B"), together with several investors, acquired an...