IRAS issues e-Tax Guide, “Pioneer Incentive: Tax Treatment of Gains and Losses from a Separate Trade (2nd edition)”

2 September 2014

This e-Tax Guide provides guidelines on the tax treatment of gains and losses from the separate trade carried on by a pioneer enterprise or a pioneer service company and is relevant to all businesses that are awarded the pioneer or pioneer service incentive by the Minister for Trade and Industry.

In this second edition, this Guide has been updated and re-written to reflect the re-numbering of the sections in the EEIA. In addition, the following requirements were removed:

  • Certification from auditor or tax agent that expenses have been properly charged or allocated between the pioneer and separate trades; and
  • Confirmation from auditor or tax agent that the loss from separate trade was incurred under circumstances stated in paragraph 6 (Waiver of Section 8(2) Requirement) of the Guide.

The Guide was last updated on 28 March 2005.

For full details, please refer the e-Tax Guide on the IRAS website.

Source: This article was extracted from the Inland Revenue Authority of Singapore’s (IRAS) website. Visit for more information.