The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 17/2026, which addresses the taxability of gains arising from the transfer of intellectual property rights.
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Advance Ruling Summary No. 17/2026
1. Subject:
Whether:
a. The gains arising from the transfer of intellectual property rights ("IPRs") are taxable under Section 10(1) of the Income Tax Act 1947 ("ITA").
2. Relevant background and facts:
a. Company A and Company B own, develop, manage the…