The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 18/2022, concerning the characterisation of redeemable preference shares and related issue.
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Advance Ruling Summary No. 18/2022
Subject:
Whether:
- Company A's preference shares are characterised as an equity instrument from a Singapore tax perspective; and
- the distributions payable by Company A on the preference shares will be regarded as dividends. Accordingly, the dividend payment should not be ta…