The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide, Income Tax: Tax Deduction for Shares Used to Fulfill Obligations under an Employee Equity-Based Remuneration Scheme. The e-tax guide consolidates two prior guides on the tax deduction for treasury shares used to fulfill obligations under an Employee Equity-Based Remuneration (EEBR) scheme. The guide also sets out the expanded scope of tax deduction where a Special Purpose Vehicle (SPV) administers the EEBR scheme. The main rules are summarized in the e-Tax Guide as follows: At a glance From the Year of Assessment (YA) 2007, a company is allowed...