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Foreign Tax Credit
Companies may claim foreign tax credit for tax paid in a foreign jurisdiction against the Singapore tax payable on the same income.
Companies may claim foreign tax credit for tax paid in a foreign jurisdiction against the Singapore tax payable on the same income.
Group Relief enables companies to deduct unutilised capital allowances/ trade losses/ donations of 1 company from the assessable income of another company in the same group.
Companies may carry back unutilised capital allowances and trade losses arising in a Year of Assessment (YA) to reduce the amount of taxes payable in the immediate preceding YA.