The Inland Revenue Authority of Singapore (IRAS) has published updated e-Tax guides on the tax treatment of Real Estate Investment Trusts (REITs) and approved sub-trusts and REIT exchange-traded funds (ETFs). The e-Tax guides cover:
- Tax transparency treatment of REITs and REIT ETFs
- Tax treatment of trustees;
- Withholding tax applicable to distributions;
- Tax treatment of the unit holders; and
- Administrative procedures:
The main update in both e-Tax guides concerns claims for a refund of e…