Singapore published the Income Tax (Amendment) Act 2021 (Act No. 27 of 2021) in the Official Gazette on 16 November 2021. The Act contains tax measures announced in the Budget 2021, as well as further measures for COVID-19, changes following periodic reviews, and technical amendments. Key amendments include the following: The enhancement to the loss carry-back relief scheme to allow for qualifying deductions to be carried back for up to three years (instead of one) is extended for Year of Assessment (YA) 2021; The option to accelerate the write-off of the cost of acquiring plant and machinery (P&M) over two...