June 7, 2022, 5:00 AM
The Singaporean Inland Revenue Authority June 1 issued Advance Ruling No. 9/2022, clarifying the therapy of the switch of fastened property as a capital transaction. A Singaporean-registered restricted legal responsibility firm (LLC) was carrying on a commerce in Singapore, earlier than it was transformed to an funding holding firm. It held fastened property, together with a leasehold on a land and workplace constructing, which was held for over 10 years. The fastened property had been acquired or constructed for the aim of its commerce and sublet. It will likely be transferring the fastened property to New Co pursuant to a restructuring inside the company group. …
Singapore Tax Agency Issues Advance Ruling on Treatment of Transfer of Fixed Assets as Capital Transaction & More Latest News Update
Singapore Tax Agency Issues Advance Ruling on Treatment of Transfer of Fixed Assets as Capital Transaction & More Live News
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Singapore Tax Agency Issues Advance Ruling on Treatment of Transfer of Fixed Assets as Capital Transaction & More News Today
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