On 25 January 2016, the Income Tax (Amendment) Bill (3/2016) and the Goods and Services Tax (Amendment) Bill (2/2016) were introduced in the Parliament of Singapore. The bills include several of the measures included in the 2015 Budget.

Income Tax Bill

The Income Tax Bill includes over 50 amendments. Some of the main amendments concern the extension of several incentives, including:

• The shi…