The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 18/2025 on whether revaluation gains from a holding company's shares in overseas investments are taxable when distributed during liquidation.
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Advance Ruling Summary No. 18/2025
1. Subject:
a. Whether the revaluation gains arising from Company A's shares in the Overseas Investments (as defined below) upon Company A's liquidation during the basis period for the Year of Assessment Y will fall within the…