On 13 July 2015, the Inland Revenue Authority of Singapore published the third edition of the e-Tax Guide - Income Tax and Stamp Duty: Mergers and Acquisitions Scheme. The scheme, introduced in 2010 and enhanced in 2012, provides for tax allowances, stamp duty relief and double tax deductions (DTD) for qualifying M&A transactions.
The topics covered by the guide include:
- Overview of M&A scheme;
- Qualifying share acquisitions;
- Qualifying conditions;
- Determination of M&A allowance…