FTC Get a Ruling

FTC Corporate & Tax Advisory Services Pte Ltd have helped clients obtain rulings on :

Tax Rulings

Transfer pricing study and documentation for subsidiaries of a Group listed in Europe;

Appeal for refund and waiver of withholding tax for a European foreign contractor in a major engineering project in Singapore;

A 1997 GST tax appeal for a foreign company (subsidiary of a listed corporation in Europe) to be allowed input tax refunds;

A 2000 tax ruling agreeing to exemption (under section 23 and 37) to allow the utilisation of unused tax losses (S$4 mil) and unused capital allowances (S$2.5mil) as there was a 100% change in shareholdings, following the management buy-out of a Singapore subsidiary of a listed financial services group;

A 2008 tax appeal against the taxation of gains from a foreign employee share option scheme, arising from a takeover of one listed corporation by another listed corporation, in Europe, under a unique set of circumstances;

A 2010 tax appeal on Goods & Services Tax liability for foreign contractors on projects in Singapore;

A 2013 tax appeal for exemption (under section 23 and 37) to allow the utilisation of unused tax losses and unused capital allowances as there was a 100% change in shareholdings, following the takeover of a Singapore subsidiary of an Australian group by a listed corporation in Japan;

A 2014 tax appeal on the “tax-on-tax treatment” on tax allowances for expatriates of three local subsidiaries of a world-wide manufacturer listed in Europe;

Stamp Duty, Property Tax & Other Rulings

Applications for stamp duty relief under section 15 (reconstruction or amalgamation) of the Stamp Duty Act;

A 2010 application for tax waivers under section 34C of the Act following a corporate amalgamation under section 215D of the Singapore Companies Act for two local subsidiaries of an international listed corporation;

A 2012 tax appeal and tax waiver under the Property Tax Act, for an international manufacturer;

A 2013 application for stamp duty relief under section 15A (mergers and acquisition) of the Stamp Duty Act;

Corporate Amalgamation, Restructuring Rulings

A 2008 application under section 78A of the Companies Act to enable a client to reduce its share capital;

Reconstruction, restructuring and corporate amalgamation – A 2010 merger of two international companies under s.215A (corporate amalgamation) of the Singapore Companies Act;

A 2011 application for a similar reduction in share capital for another client;

A 2015 merger of two international companies under s.215A (corporate amalgamation) of the Singapore Companies Act;

2015 Legally Binding Advance Tax Ruling under Income Tax Act

Applied for a 2015 legally binding advance tax ruling on a proposed arrangement for an international group under the Income Tax Act

 

Getting you to where you want to be