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30 March 2016

Singapore Budget 2016 discussed

Budget 2016 was presented on March 24. From an individual tax perspective, the Singapore Budget focuses on enhancing the progressivity and equality of the personal tax regime with the introduction of the following measures: (i) Introduction of a S$80,000 cap on the total claim for personal tax reliefs; and (ii) Changes to the tax treatment on home leave passages provided by employers for expatriate employees.

A Tax Alert prepared by Ernst & Young's Human Capital Group, and attached below, provides additional details.

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Document ID: 2016-0585

 

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