On 10 March 2021, the Inland Revenue Authority of Singapore (IRAS) published an updated e-Tax Guide Income Tax Treatment of a Trust registered under the Business Trusts Act (Third Edition). The guide provides details on the income tax treatment of a trust that is registered under the Business Trusts Act, which will be treated like a company for income tax purposes. The income of a registered business trust is taxable at the trustee level. It is a final tax and the unitholders of the register…