WebThese can be found at the IRAS website. What is Section 13Z? Section 13Z applies to companies' disposal of ordinary shares from 1 June 2012 to 31 May 2024. It is applicable … Webtaxed under Section 26 of the ITA. This position appears to be predicated on the view that all gains made by such insurance company are of an income nature and it should be noted that Section 13Z was introduced at a time when the BBO case was making its way through the tax appeal process. In light of the clarity provided by the
Certainty of non-taxation of companies’ gains on disposal of ... - EY
WebReview the notice and compare our changes to the information on your tax return. Correct the copy of your tax return that you kept for your records. If you agree with the changes … WebDec 7, 2024 · Section 13Z of the principal Act is amended — New section 13ZA 16. The principal Act is amended by inserting, immediately after section 13Z, the following section: “Exemption of certain payments received in connection with COVID-19 events 13ZA.— (1) The following are exempt from tax: chirk swimming club
IRAS issues e-Tax Guide “Tax Exemption under Section 13(12) for
WebCorporate Income Tax: Renovation or Refurbishment (R&R) Works Inland Revenue Authority of Singapore 3K subscribers Subscribe Share 6.9K views 1 year ago Corporate Income Tax Filing - What You... WebTo provide upfront certainty to companies in their corporate restructuring, the scheme under Section 13Z will be extended till 31 May 2024 (to cover disposal of equity investments from 1 June 2024 to 31 May 2024). All conditions of the scheme remain the same. Extending the Double Tax Deduction (“DTD”) for Internationalisation scheme WebSome criteria used to assess if you are trading in properties are as follows: Frequency of transactions (buying and selling of properties); Reasons for buying and selling of property; Financial means to hold the property for long term; and Holding period. Reporting gains from sale of property graphic design remote work davao city