The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 16/2026, which addresses the characterization of redeemable preference shares as equity instruments for Singapore income tax purposes and whether related dividend distributions will be exempt.
---
Advance Ruling Summary No. 16/2026
1. Subject:
Whether:
a. the redeemable, non-convertible, non-cumulative, participating, non-voting preference shares (the "RPS") to be issued by Company A to the Subscribers…