Singapore Updates e-Tax Guide on Tax Deduction for Shares Used to Fulfill Obligations under an Employee Equity-Based Remuneration Scheme

The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide, Income Tax: Tax Deduction for Shares Used to Fulfill Obligations under an Employee Equity-Based Remuneration Scheme (Fourth Edition). The e-tax guide consolidates two e-tax guides issued previously on the tax deduction for treasury shares used to fulfill obligations under an Employee Equity-Based Remuneration (EEBR) scheme. An EEBR Scheme typically uses stock options or share awards to compensate the emplo…