Generally, group companies are expected to adhere to the same tax governance principles set by the parent company.
If a company’s tax governance policy no longer adheres to the three building blocks of TGF, or if it no longer meets the requirements of the TGF, a company should inform IRAS in writing.
A request to withdraw from TGF should be made in writing.
The CTRM Status is valid for three years and renewable before the third year’s end.