Singapore has published the Income Tax (Concessionary Rate of Tax for Intellectual Property Income) Regulations 2021, which concern the application of the concessionary rate of tax for intellectual property income provided by section 43ZI of the Income Tax Act. The concessionary rate is available for companies approved up to 31 December 2023 and includes a base rate of 5% or 10%, plus a rate increase of at least 0.5% for every 5-year period beginning with the third 5-year period of its tax relief period and ending with the eighth 5-year period of its tax relief period (i.e., the rate must...