OrbitaxOrbitax

Singapore Provides Guidance on New Alternative Net Tonnage Basis of Taxation for Shipping Income

|Approved Changes|Singapore
Singapore

The Inland Revenue Authority of Singapore has updated its guidance on Tax Treatment for Shipping Income, including new guidance concerning the new alternative net tonnage basis of taxation with effect from the year of assessment 2024. The specific guidance concerning the new alternative net tonnage basis of taxation includes the following:

---

[NEW!] Alternative Net Tonnage Basis of Taxatio…

Continue Reading