$Keppel Reit (K71U.SG)$ Keppel REIT has obtained a favorable...
Keppel REIT has obtained a favorable tax ruling from the Inland Revenue Authority of Singapore (IRAS) regarding the tax treatment of its recently issued S$300 million subordinated perpetual securities, which benefits the REIT and its investors.
The decision means distributions on the Series 009 securities will be regarded as interest, allowing the instruments and their holders to qualify for tax concessions and exemptions available under Section 43H and Section 13 of the Income Tax Act, provided the conditions of the Qualifying Debt Securities scheme are met.
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