On 1 December 2022, the Inland Revenue Authority of Singapore (IRAS) published an updated e-Tax Guide, Income Tax: Tax Exemption under Section 13(12) for Specified Scenarios, Real Estate Investment Trusts and Qualifying Offshore Infrastructure Project/Asset (Ninth Edition). The e-Tax Guide explains the scenarios and conditions under which the tax exemption under section 13(12) of the Income Tax Act (ITA) may be granted to resident taxpayers with effect from 31 May 2006. Subject to certain conditions, the exemption is available on: Certain foreign-sourced income received in Singapore by resident companies under the scenarios specified in the e-Tax guide; Certain foreign-sourced income...