23 September 2013

The Income Tax (Amendment) Bill was introduced in Parliament on 16 September 2013. This Bill seeks to implement the tax changes in the 2013 Budget Statement and to make certain other amendments to the Income Tax Act (Cap. 134).

The Bill also makes a consequential amendment 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