Latest Updates

The e-Tax Guide has been updated with the following changes: 

• Paragraph 4.2.2 – Removed the words “from which the income is received” from condition (i) of Scenario B. 

The e-Tax Guide has been updated with the following changes: 

• Updated the citation of Acts. 

• Updated to reflect the renumbered provisions based on the Income Tax Act 1947.

• Updated paragraphs 2.2 and 6.2 to include the GST registration liability under the reverse charge regime.

• Updated the table in paragraph 5.8 on expenses under certain sections of the ITA where a VCC will not be allowed a deduction.

• Updated footnote 26 to reflect the CIT rebate and CIT rebate cash grant announced in Budget 2024. 

• Updated footnote 36 to include Form C-S (Lite), which also does not apply to VCCs.

• Updated the IRAS’ website path in footnote 42.