3 October 2014
As a result of the survey conducted by the Inland Revenue Authority of Singapore (IRAS) between 4 February 2014 and 31 March 2014, advance rulings which are currently made available on the IRAS website will no longer be published by IRAS.
Although the majority of respondents felt that it was useful to have access to the rulings for greater transparency of the Comptroller’s interpretation of tax laws, the main concerns cited by respondents were on potential identification of taxpayers or sensitivity of information revealed.
IRAS will continue to issue e-Tax Guides to set out the tax treatment on general tax issues or where appropriate, incorporate scenarios from certain advance rulings into relevant e-Tax Guides.
A total of 61 respondents provided their feedback.
Source: Inland Revenue Authority of Singapore (IRAS)