18 October 2012
The Income Tax (Amendment) Bill was introduced in Parliament on 15 October 2012. The Bill seeks to implement the tax changes in the Government’s 2012 Budget Statement, to make certain other amendments to the Income Tax Act (Cap 134), and to make related amendments to the Economic Expansion Incentives (Relief from Income Tax) Act (Cap 86).
Further details of the amendments to the various sections of the Income Tax Act and Economic Expansion Incentives (Relief from Income Tax) Act can be found in the “Explanatory Statement” of the Income Tax (Amendment) Bill.
Source: Government Gazette