The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide Income Tax: Tax Deduction for Expenses Incurred on Renovation or Refurbishment Works Done to Business Premises (Sixth Edition). The e-Tax Guide explains the tax deduction granted under section 14N of the Income Tax Act (2020 Revised Edition) (ITA) for the capital expenses incurred by taxpayers for the renovation or refurbishment works done to their business premises (R&R costs). This e-Tax Guide is relevant to a taxpayer carrying on a trade, business, or profession and has incurred expenditure on any renovation or refurbishment works for that trade, business,...