On 3 October 2016, the Singapore Ministry of Finance (MOF) published the summary of responses to the public consultation on the Draft Income Tax (Amendment No. 3) Bill 2016, which includes both Budget 2016 changes and non-Budget changes ({News-2016-07-11/P/3- previous coverage}). According to the MOF release, most of the feedback received focused on the following tax changes: Introduction of the Business and Institute of a Public Character Partnership Scheme; Introduction of a specific anti-avoidance mechanism for writing down allowances on intellectual property rights transfers; and Allocation of pre-commencement expenses to income streams that are assessed to tax under different tax...