The Inland Revenue Authority of Singapore has published updated guidance on claiming and Foreign Tax Credit (FTC), including several updates. The first is the addition of a flowchart that helps companies determine whether they can claim an FTC on income that has been taxed overseas. The second is additional information on the time limit for claiming an FTC, which depends on the relevant Year of Assessment (YA) in which the income is assessable to tax in Singapore. For YA 2021 and before, FT…