On 2 June 2026, the Inland Revenue Authority of Singapore (IRAS) published Advance Ruling Summary No. 8/2026, which addresses the application of section 10L of the ITA to an entity that enjoys an incentive under Part 4 of the Economic Expansion Incentives (Relief from Income Tax) Act 1967 and the question whether the entity had adequate economic substance for the purposes of section 10L of the ITA.
To view our update on this advance ruling, please click here.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or the following Partner:
TAN Shao Tong
Head – Tax
d +65 6416 8186
e shaotong.tan@wongpartnership.com
Click here to view Shao Tong’s CV.