Country Manuals Tax – CM Tax
We would like to inform you that BRP TAX has updated its Country Manual Tax for the following jurisdiction:
SINGAPORE (TIM)
The manuals have been aligned to take into account the evolving tax regulatory legislation relating to private banking clients holding bank accounts abroad:
Tax Investment Manual (TIM)
– The chapter of Basic Principles of the Singapore Taxation is further developed with regard to the following sections:
• Financial income (new subsections related to investment funds).
• Anti-avoidances rules (news subsections related to GAAR / UBO Register / Trust and Foundations and Life Insurance).
• New subsections related to an Exit Tax, a Financial Transaction Tax and a Tax Amnesty Scheme have also been added.
– The chapter of Tax suitability of financial instruments has been simplified and/or clarified with regard to the following sections:
• Derivatives Instruments.
• Hybrid and structured products.
• Crypto assets.
If these Tax Manuals are part of your subscription, you should now be able to access this new version on our Platform: https://mybrponline.com/ once you have logged in under the following search:
| Subscribed Tax Manual | Product | Document |
| Tax Country Manual Tax Investment Manual Tax Private Equity Manual Tax Tax Memorandum Tax Brief Behaviour Template Behaviour Template Short | Country Manual Tax Country Manual Investment Tax Country Manual Investment Tax Country Manual Tax Country Manual Investment Tax Country Manual Investment Tax | CM Tax RT CM InvTax RT CM InvTax PE CM InvTax Memo CM Tax RS CM InvTax BT CM InvTax BT Short |
| Please do not hesitate to contact us (info@brptax.com), should you require any further information. Best regards, Your BRP Tax Team |
Your BRP Tax Team
Geneva, 31st March 2021