On 7 August 2009, the Inland Revenue Authority of Singapore revised its circular on the temporary liberalization for foreign-sourced income exemption in relation to dividend income. Current treatment A 1-year tax exemption is granted to all resident taxpayers on all foreign-source income accrued on or before 21 January 2009 and received in Singapore between 22 January 2009 and 21 January 2010 (both dates inclusive). Revised treatment In addition to the current treatment above, specified resident taxpayers who directly own 50% or less of the ordinary shares of non-resident companies as at 21 January 2009 may apply for tax exemption on...