The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide - Taxation of Property Developers (Second Edition). The e-Tax Guide concerns the tax treatment of transactions carried out by property developers and is relevant to a company, partnership, or individual that carries on property development activities. Property development activities comprise the development of land parcels into residential, commercial, and industrial properties for sale, usually prior to the completion of the properties. The e-Tax Guide provides the tax treatment on the accounting of property sales and other revenues of a property developer, the deductibility of development and related...