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 shipping investment enterprise exemption and the concessionary rate for shipping-related support services are extended to 31 may 2021; The deduction of capital expenditure incurred on qualifying share acquisitions and the relief from associated stamp duty are extended to...