The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 12/2021, concerning whether the use of unremitted dividend income for a proposed share capital reduction exercise will be treated as a remittance or deemed remittance into Singapore.
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Advance Ruling Summary No. 12/2021
Subject:
Whether:
- the assignment of an amount receivable from a related company which was made up of unremitted foreign-sourced dividend income, for the purpose of a share capital red…