The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 19/2025 on the income tax issues relating to the transfer of businesses.

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Advance Ruling Summary No. 19/2025

1. Subject:

a. Whether the transfer of businesses from Branch A is a capital transaction and gains (if any) arising thereon are not subject to tax under the Income Tax Act 1947 (the "ITA"), exce…

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