The Budget for 2008 was presented to Parliament by the Minister for Finance on 15 February 2008. Details of the Budget, which will apply from the dates indicated, are summarized below: Direct taxation (a) Deductions The Overseas Talent Recruitment Scheme which allows employers to claim a further tax deduction for the relocation and recruitment expenses in hiring top global talent will be further extended to 2013. From year of assessment (YA) 2009, employers will be able to claim a full tax deduction for contributions made to their employees Supplementary Retirement Scheme account, subject to certain limits for Singapore citizens, permanent...