The Inland Revenue Authority of Singapore updated its guidance on Taxable and Non-Taxable Income on 20 April 2022, with a new FAQ in relation to the transfer of trading stock for employee use.
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My company is in the business of selling computers. If I transfer some computers from trading stock for office use by employees, is the transfer taxable?
The computers are the company's trading stocks and are treated as sold on the date they are appropriated for a purpose other than for sale in…