Singapore Updates e-Tax Guide on GST Concession for Listed REITs and QBTs

• The IRAS updated its e-Tax Guide (Eighth Edition) outlining the GST concession for S-REITs and S-RBTs, which allows them to recover GST on business expenses, fostering growth and competitiveness.

• The GST concession applies to S-REITs listed on the Singapore Exchange and their SPVs, as well as to qualifying Singapore-listed S-RBTs engaged in specific business sectors.

• The concession aims to promote Singapore as a preferred listing destination and enhance its position as a regional hub for REITs and qualifying registered business trusts (S-RBTs).

• Eligible S-REITs and S-RBTs must be engaged in infrastructure, aircraft leasing, or ship leasing businesses to qualify for the GST concession granted under the updated e-Tax Guide.

Source: Orbitax

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