On 3 December 2024, Inland Revenue Authority of Singapore (IRAS) updated the section on "Common CRS Errors and Issues" to address observations relating to the reporting of TIN equivalents and account balances for settlors and protectors in the context of trusts. One key observation highlighted by IRAS is the reporting of account balances for settlors…
On 3 October 2023, a new section 10L of the Income Tax Act 1947 (Section 10L) has been passed. Section 10L will allow Singapore to tax gains from the sale of foreign assets that are received in Singapore under certain circumstances. This will apply to gains arising from sales or disposals occurring on or after…
It is nearing the end of the one-week school holidays in September and we took this opportunity to participate in…
In our inaugural charitable event, Liontrust participated in a 'reverse volunteering' event held by Metta School Alumni where the students…
