The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide, Securities Lending and Repurchase Arrangements (Second Edition). The e-Tax Guide gives details on the income tax treatments and tax concessions of qualifying securities lending and repurchase ("repo") arrangements under section 10H of the Income Tax Act 1947 ("ITA") 10F. It is relevant to any person who engages in securities lending and repo arrangements.
At a glance
When a person needs certain securiti…