The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 14/2023 on whether tax deferred distributions derived from a foreign trust would be subject to Singapore income tax.
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Advance Ruling Summary No. 14/2023
1. Subject:
a. Whether the tax deferred distributions derived from a foreign trust would be subject to Singapore income tax.
2. Relevant background and facts:
a. Company A is a private limited liability company that is incorporated and tax residen…