The corporate body of Singapore was established as the first foreign branch of Global Tax Free in 2011. In the Singapore tax refund market which is viewed as the most advanced among Asian countries in the tax refund area, we acquired the additional tax refund business license from the national tax service of Singapore, IRAS for the first time among Asian companies, and we were selected as central refund window operator (CRC) of Changi airport of Singapore in 2014. The corporate body in Singapore is conducting active operations in the tax refund market in Singapore by acquiring the business right of a local rival company, Premier Tax Free in 2018.