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Singapore Launches Public Consultation on Income Tax (Amendment) Bill 2021

14 June 2021

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Proposed Changes

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Singapore

Singapore's Ministry of Finance issued a release on 11 June 2021 announcing the launch of a public consultation on the proposed Income Tax (Amendment) Bill 2021, which runs to 2 July 2021. The draft Income Tax (Amendment) Bill 2021 proposes 36 amendments to (i) effect tax measures announced in the 2021 Budget Statement on 16 February 2021, such as support measures in relation to COVID-19, and (ii) effect changes arising from the periodic review of the tax system to revise existing policies, improve tax administration, or enhance the clarity of existing legislation. Details of the consultation are as follows: ---...