The Inland Revenue Authority of Singapore (IRAS) has published an updated version of its e-Tax guide, Income Tax: Tax Exemption under Section 13(12) for Specified Scenarios, Real Estate Investment Trusts and Qualifying Offshore Infrastructure Project/Asset (Tenth Edition). The e-Tax Guide explains the scenarios and conditions under which the tax exemption under section 13(12) of the Income Tax Act (ITA) may be granted to resident taxpayers with effect from 31 May 2006. Subject to certain con…