Investor Relations
Investor Relations
Tax Refund Procedures

Distributions made by Real Estate Investment Trusts (“REITs”) listed on the Singapore Exchange to individuals, whether foreign or local, is tax exempt. In this respect, the Inland Revenue Authority of Singapore (“IRAS”) has confirmed that all individuals (excluding partnerships) will receive their distributions from Mapletree Logistics Trust (“MLT”) without tax being deducted at source (“gross distributions”).

Individuals who derived the distributions from the carrying on of a trade, business or profession are not eligible for this tax exemption and are required to declare the distributions in their income tax returns, notwithstanding that gross distributions have been made to them.

In addition, REITs’ distributions to foreign non-individual investors are entitled to a reduced rate of tax of 10% for distributions made during the period from 18 February 2005 to 31 March 2020.

The Manager of MLT has established an arrangement with the IRAS to allow eligible Unitholders to claim a back-end refund of tax, if any, over-deducted from income distributions made to them.

Who is eligible?

You can avail of this arrangement if you are:

  1. a foreign non-individual holding units in Mapletree Logistics Trust ("Units") in your own name; or  
  2. an individual or a foreign non-individual whose Units are held through a Depository Agent. Please approach your Depository Agent who will claim the refund on your behalf; or
  3. a charity registered under the Charities Act (Cap. 37) or established by any written law, a town council, a statutory board, a co-operative society registered under the Co-operative Societies Act (Cap. 62) or a trade union registered under the Trade Unions Act (Cap. 333), (collectively referred to as “exempt non-corporate unitholders”). If your Units are held through a Depository Agent, please approach your Depository agent who will claim the refund on your behalf.
Which distributions are eligible?

This refund arrangement applies to the following distributions:

  1. where the beneficial owner of Units is an individual, distributions made by MLT on or after 28 February 2006;
  2. where the beneficial owner of Units is a foreign non-individual, distributions made by MLT during the period from 28 February 2006 to 31 March 2020; and
  3. where the beneficial owner of Units is an exempt non-corporate unitholder, distributions made by MLT on or after 28 February 2006. 

Please note that MLT’s first distribution after listing was made on 28 February 2006.

What must you do to make a claim?

If you are a foreign non-individual or an exempt non-corporate unitholder holding Units in your own name:

  1. Download and complete Form R1. Use a separate Form R1 for each income distribution period.
  2. Submit the duly completed Form R1, accompanied by the Subsidiary Income Tax Certificate (“SITC”) or the Account Statement issued by the CDP which reflects the distribution in respect of which the claim for refund is made, to Boardroom Corporate & Advisory Services Pte. Ltd. at 50 Raffles Place, Singapore Land Tower, #32-01, Singapore 048623.

If you are an individual, foreign non-individual or an exempt non-corporate unitholder and you hold Units through Depository Agents, please liaise with your Depository Agent on your claim for refund. The claim will be made on your behalf by your Depository Agent.

If you are Depository Agent and wish to claim for refund on behalf of beneficial owners who are individuals, foreign non-individuals or exempt non-corporate unitholders:

  1. Download and complete Form R2, including Annexes 1 and 2. Use a separate Form R2 for each income distribution period.
  2. Submit the duly completed Form R2, accompanied by the Subsidiary Income Tax Certificate (“SITC”) issued for the distribution in respect of which the claim for refund is made to Boardroom Corporate & Advisory Services Pte. Ltd. at 50 Raffles Place, Singapore Land Tower, #32-01, Singapore 048623. 
  3. Email a soft copy of the completed Annexes to Boardroom Corporate & Advisory Services Pte. Ltd. at email addresses: jolene.ting@boardroomlimited.com / belinda.chew@boardroomlimited.com.
When to submit Form R1 or Form R2?

You may submit the Forms and accompanying SITCs or CDP Account Statement to Boardroom Corporate & Advisory Services Pte. Ltd. at any time within the prescribed time limit (see "Time limit for claim of refund").

The Trustee will collate the claims for refund submitted by Unitholders and the Depository Agents and make a claim for refund to the IRAS on a half-yearly basis. For example, all Forms received during the period ending 30 June 2013 will be submitted to IRAS sometime in July 2013.

Time limit for claim of refund

Every claim for refund must be made to IRAS within 6 years (if the year of assessment to which the claim relates is 2007 or a preceding year of assessment) or 4 years (if the year of assessment to which the claim relates is 2008 or a subsequent year of assessment) from the end of the year of assessment to which the claim relates. For example, for claims of refund in respect of distributions made by MLT for the period from 1 January 2006 to 31 December 2006 (which relates to the year of assessment 2007), the claim must be submitted to IRAS on or before 31 December 2013. Unitholders and Depository Agents must ensure that the relevant Forms are submitted on a timely basis to allow the Trustee to make the refund claims within the prescribed time limit. The IRAS will not process any claim that is out of time.

INVESTOR RELATIONS CONTACT

Ms Lum Yuen May
Vice President, Investor Relations
T: +65 6377 6111
E: Ask-MapletreeLog@mapletree.com.sg

SUBSTANTIAL UNITHOLDER ENQUIRIES
Back to Top