Singapore Tax Agency Updates e-Tax Guides on Income Tax Treatment of Hybrid Instruments, REITs


The Singaporean Inland Revenue Authority Oct. 21 updated two e-tax guides on the income tax treatment of hybrid instruments issued by real estate investment trusts (REITs). Topics covered include: 1) tax treatment for issuers and investors of hybrid instruments issued by REITs; 2) the timing of the interest deduction for hybrid instruments treated as debt for tax purposes; and 3) guidance and case examples clarifying when a hybrid instrument is to be treated as a debt or an equity instrument. [Singapore, Inland Revenue Authority of Singapore, 10/21/19]

Reference:
View e-Tax Guide for Income Tax treatment of Hybrid Instruments. View…

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