The President announced the Amendments to the Income Tax Act respectively on January 14 and January 21, 2015. Major amendments include: (1) Postponing the effective date of double-track system of securities transaction income tax from 2015 to 2018; and (2) in addition to the two existing options for calculation of married couple’s income tax liability (i.e. combination of the couple’s entire incomes or separation of the couple’s respective salary incomes), adding a third option enabling the couple to calculate their tax liability by separating every type of income.