The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide on the tax treatment of Public-Private Partnership (PPP) arrangements. The e-Tax guide explains the approach the Comptroller of Income Tax (CIT) takes to establish the scope of services carried on by the private sector operator involved in a PPP project and provides details on the income tax treatment that would apply. Typically, the scope of a PPP operator's trade or business will fall within one of the following categories with different tax treatment as explained in the updated e-Tax Guide:
The latest update to the e-Tax Guide includes the following changes:
Click the following link for the e-Tax Guide - Income Tax: Tax Treatment of Public-Private Partnership Arrangements (Fourth Edition).