OrbitaxSingapore Advance Ruling on Whether Repayments Upon Liquidation are Subject to Singapore Income Tax
|Approved Changes|Singapore
The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 1/2024 on whether repayments upon liquidation are subject to Singapore income tax.
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Advance Ruling Summary No. 1/2024
1. Subject:
a. Whether repayments (including retained earnings) to Company A upon liquidation of Company B ("Liquidation Proceeds") are subject to Singapore income tax under the provisio…
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