The Inland Revenue Authority of Singapore published new guidance on 31 March 2022 regarding the tax treatment of interest, gains or profits derived from negotiable certificates of deposit by non-financial institutions.
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Tax Treatment of Interest, Gains or Profits Derived from Negotiable Certificates of Deposit by Non-Financial Institutions
Where a non-financial institution (non-FI) derives interest from a negotiable certificate of deposit (NCD) or derives gains or profits from the sal…