Enter the appropriate corporate-return service
Log in to myTax Portal with Singpass, choose Corporate Tax and the relevant return service. The slides explain how an investment-holding company presents income in Form C-S, Form C-S (Lite) or Form C. Their field numbers and YA 2024 examples are tied to the illustrated edition; this is not a statement that the company qualifies to choose any form it prefers.
Form C-S: rental, interest and other taxable income
The illustrated C-S uses items 14a–16: gross rental income in 14a, deductible rental expenses in 14b, resulting net rent in 14c, interest in 15 and other taxable income in 16. Complete Part C financial-statement information as well. Revenue in item 24 means the company’s main income, which for an investment holder may be dividends, interest and rent. It is prefilled from Form Type Selection but may be revised.
Form C-S (Lite) uses net rental income
The Lite illustration reports net rental income in item 7, interest in 8 and other taxable income in 9, rather than repeating the C-S gross/expense split. Part C revenue is item 17 and follows the same investment-income explanation and editable prefill. The financial-statement revenue field is not a substitute for entering the tax-income categories correctly.
Form C: distinguish investment income from trade profits
Items 1b–2 cover investment-income categories: interest/discounts, trust distributions, rent/premiums/property profits, royalties, other income and foreign income received in Singapore where applicable. The screenshot asks for a list supporting trust/REIT distributions via Submit Document. Its YA 2024 example places $1,600 rent in item 1d, not trade/business item 1a. The rent figure is an illustration, not a standard deduction or threshold.
Exempt foreign income and additional information
The example has $12,500 of section 13(8)-exempt foreign dividends in YA 2024 and records it under current-year exempt income with the relevant incentive type. The additional-information screens separately request foreign-tax information and exemption details, including income nature, territory, amount, headline tax rate, whether income is subject to tax there and, if not, whether a foreign incentive exempts it. These fields capture facts; the slides do not establish that every foreign dividend qualifies.
Form C financial-statement revenue
Under Assessment 2, complete Data as shown in the Financial Statements. Revenue in item 33 again means the main source of income for the investment holder, such as dividend, interest or rent. Reconcile that financial-statement information with the return’s taxable and exempt categories without conflating revenue with chargeable income. The guide closes with the presentation-date qualification rather than a complete investment-holding tax manual.
Official source
This article independently explains the substantive contents of the official PDF, including the relevant conditions, procedures and annexes. The linked document remains the authoritative source for its original wording, and later changes should be checked separately.
Read the official PDF ↗