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Income Tax (Amendment) Bill 2014 passed in Parliament: implementing tax changes in 2014 Budget Statement

Singapore - November 26 2014 On 3 November 2014, the Income Tax (Amendment) Bill 2014 (the "Bill") was passed in Parliament. The Bill seeks to implement the tax changes in the…

Lim Pek Bur, Usha Chandradas, Sunit Chhabra.

Stamp Duties Act to be amended effective from 1 January 2015: extending Seller’s Stamp Duty relief to disposal of industrial property for restructuring purposes

Singapore - November 26 2014 With effect from 1 January 2015, the Stamp Duties Act will be amended for the following purposes: Introduce an exemption from Seller's Stamp Duty…

Lim Pek Bur, Usha Chandradas, Sunit Chhabra.

Good and Services Tax (Amendment) Bill 2014 passed in Parliament: changes to existing tax policies and administration

Singapore - October 27 2014 The Goods and Services Tax (Amendment) Bill 2014 (the "Bill") has been read the second time and passed in Parliament on 8 October 2014. The Bill is…

Lim Pek Bur, Usha Chandradas, Sunit Chhabra.

MOF, MAS and IRAs consult on proposed regulations to help financial institutions in Singapore comply with US FATCA

Singapore, USA - October 27 2014 From 22 September 2014 to 17 October 2014, the Ministry of Finance (the "MOF"), Monetary Authority of Singapore (the "MAS") and the Inland Revenue…

Lim Pek Bur, Usha Chandradas, Sunit Chhabra.

Income Tax (Amendment) Bill 2014 introduced in Parliament: implementing tax changes in 2014 Budget Statement

Singapore - October 27 2014 On 7 October 2014, the Income Tax (Amendment) Bill 2014 (the "Bill") was introduced in Parliament. The Bill seeks to implement the tax changes in the…

Lim Pek Bur, Usha Chandradas, Sunit Chhabra.