author_orbitax
Orbitax

Share This Article

Singapore Launches Public Consultation on Draft Income Tax (Amendment) Bill 2019

21 June 2019

|

Proposed Changes

|

Singapore

Singapore's Ministry of Finance has launched a public consultation on the draft Income Tax (Amendment) Bill 2019. This includes seven measures announced as part of the 2019 Budget: As part of the Bicentennial Bonus, a Personal Income Tax Rebate of 50% of tax payable will be granted to all tax resident individuals for YA 2019 (i.e. for income earned in 2018) with a rebate cap of SGD 200 per taxpayer; The Not Ordinarily Resident (NOR) scheme for individuals will lapse after YA 2020, with the NOR scheme expiring in YA 2024 for NOR status granted for YA 2020; The Tax...