On 29 December 2016, the Income Tax (Amendment No. 3) Act 2016 was published in Singapore's Government Gazette. The Act implements a number of Budget 2016 changes, as well as certain non-Budget changes. Some of the main measures of the Act include: Measures to enable the implementation of Country-by-Country (CbC) reporting, including to make regulation to require the submission of CbC reports and to exchange CbC reports with other jurisdictions; An increase in the allowance under the Merger & Acquisition scheme from SGD 20 million to SGD 40 million of the consideration paid for qualifying M&A deals per year of...