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Q&A on IRAs A new report from the GAO estimates that 43 million taxpayers have IRAs, worth an estimated $5.2 trillion. Some 42.3 million of these IRAs are worth less than $1 million, and 800,000 are
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QAMPA stands for Qualifying Approved Mergers and Acquisitions Scheme under IRAS.
Companies that are eligible for the Qualifying Approved Mergers and Acquisitions Scheme (QAMPA) must file QAMPA on IRAS.
QAMPA on IRAS can be filled out online through the IRAS e-Services portal.
The purpose of QAMPA on IRAS is to allow companies to apply for tax benefits under the Qualifying Approved Mergers and Acquisitions Scheme.
Companies must report details of the approved merger or acquisition, including the relevant tax benefits being claimed.
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