The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 21/2025 on whether subordinated perpetual securities will be regarded as debt securities and whether distributions payable on the securities will be regarded as deductible interest payments.
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Advance Ruling Summary No. 21/2025
1. Subject:
Whether:
a. The subordinated perpetual securities (the "Securities") will be regarded as "debt securities" for the purpose of Section 43H(4) of the Income Tax Act…