The Budget for 2013 was presented to Parliament by the Finance Minister on 25 February 2012 (see Singapore-1, News 25 February 2013). Details of the Budget, which unless otherwise indicated will apply from the year of assessment (YA) 2014, are summarized below.
Direct taxation
(a) Corporate taxation
| - | A 30% corporate income tax rebate capped at SGD 30,000 per YA will be granted to all companies for 3 years from YA 2013 to YA 2015. | |
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