The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 19/2026, which addresses income tax issues relating to a foreign limited partnership.
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Advance Ruling Summary No. 19/2026
1. Subject:
Whether:
a. X Limited Partnership ("X LP") is regarded as tax transparent for
Singapore income tax purposes;
b. Distributions out of business income to be received from X LP by Company A are considered foreign-sourced income and taxable in Singapore only upon their rec…