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Singapore Launches Public Consultation on Changes to the Income Tax Act

29 June 2015

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Proposed Changes

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Singapore

On 26 June 2015, the Inland Revenue Authority of Singapore published the following notice requesting comment on proposed amendments to the Income Tax Act. --- The Ministry of Finance is conducting a public consultation on the draft Income Tax (Amendment) Bill 2015 from 26 June to 24 July 2015 to invite interested parties to provide feedback on the Bill. Proposed Amendments 2. The proposed amendments to the Income Tax Act (“ITA”) mainly relate to the changes announced in the 2015 Budget Statement. The key changes include: a) Extend and enhance the Merger & Acquisition (“M&A”) scheme for five years till...