To pool or not to pool

Author

Teng Aun KHOO, Singapore Management UniversityFollow
Kai Guan TAN

Publication Type

Report

Version

acceptedVersion

Publication Date

1-2013

Abstract

Under the Singapore’s modified territorial tax system, the foreign sourced income (FSI) received or deemed received in Singapore is subject to tax unless otherwise exempted. To avoid having the same income from being taxed twice, foreign tax credits (FTC) are granted to resident taxpayers for the foreign tax paid (FTP) in the country of source against the Singapore tax payable on the same income. Presently, we have two systems under which FTC can be granted, subject to satisfying certain conditions, namely the existing foreign tax credit system and the new FTC pooling system.

Discipline

Accounting

Research Areas

Financial Performance Analysis

First Page

1

Last Page

8

Citation

KHOO, Teng Aun and TAN, Kai Guan. To pool or not to pool. (2013). 1-8.
Available at: https://ink.library.smu.edu.sg/soa_research/1738

Copyright Owner and License

Authors

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.