Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 265

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 265
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 the applicable provisions of the SITA) even though no sale or disposal of the Company’s Class A Ordinary Shares was made. Holders of the Company’s Class A Ordinary Shares who may be subject to such tax treatment should consult their own accounting and tax advisors regarding the Singapore income tax consequences of their acquisition, holding and disposal of the Company’s Class A Ordinary Shares. Stamp Duty Stamp duty in Singapore is generally payable only on instruments relating to the transfer of immovable property located in Singapore or shares of companies incorporated in Singapore or shares which are maintained in any share register in Singapore. With regard to the transfer of shares, stamp duty is generally payable at the rate of 0.2% of the consideration for or the net asset value of the shares, whichever that is higher. 169 There should be no Singapore stamp duty payable on the subscription for the Company’s Class A Ordinary Shares. Further, on the basis that the Company’s Class A Ordinary Shares are neither shares of a Singapore incorporated company, nor shares which are maintained in any share register in Singapore, there should be no Singapore stamp duty implications arising on the transfer of such Class A Ordinary Shares. Goods and Services Tax The sale of the Company’s Class A Ordinary Shares by a GST -registeredinvestor belonging in Singapore for GST purposes to another person belonging in Singapore is an exempt supply not subject to GST. Any input GST incurred by the GST -registeredinvestor in making the exempt supply is generally not recoverable from the Singapore Comptroller of GST. Where the Company’s Class A Ordinary Shares are sold by a GST -registeredinvestor in the course of or furtherance of a business carried on by such investor contractually to and for the direct benefit of a person belonging outside Singapore, the sale should generally, subject to satisfaction of certain conditions, be considered a taxable supply subject to GST at 0%. Subject to the normal rules for input tax claims, any input GST incurred by the GST -registeredinvestor in making such a supply in the course of or furtherance of a business carried out by such investor may be fully recoverable from the Singapore Comptroller of GST. Each prospective investor should consult an independent tax advisor on the recoverability of input GST incurred on expenses in connection with the purchase and sale of the Company’s Class A Ordinary Shares. Services consisting of arranging, brokering, underwriting or advising on the issue, allotment or transfer of ownership of the Company’s Class A Ordinary Shares rendered by a GST -registeredperson to an investor belonging in Singapore for