Key requirements
Foreign tax credit offsets qualifying overseas tax against Singapore tax on the same income. Group relief can transfer qualifying current-year unused allowances, trade losses and donations between eligible group companies. Loss carry-back concerns unused current-year capital allowances and trade losses applied against the immediately preceding YA. These mechanisms have separate eligibility and documentation requirements. An unused item cannot be allocated twice, and donations are not included in every relief route. Use the linked detailed guidance to decide the appropriate claim before selecting the annual return form.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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