The Budget for 2013 was presented to Parliament by the Finance Minister on 25 February 2012 (see Singapore-1, News 25 February 2013). Details of the Budget, which unless otherwise indicated will apply from the year of assessment (YA) 2014, are summarized below. Direct taxation (a) Corporate taxation -   A 30% corporate income tax rebate capped at SGD 30,000 per YA will be granted to all companies for 3 years from YA 2013 to YA 2015. -   Investment holding companies and property development companies incorporated from 26 February 2013 will be excluded from the start-up tax exemption scheme. However, they...