Singapore published the Income Tax (Amendment) Act 2024 (Act No. 35 of 2024) and the Multinational Enterprise (Minimum Tax) Act 2024 (Act No. 36 of 2024) in the Official Gazette on 27 November 2024. The provisions of the two Acts are to implement the changes to Singapore's tax regime announced earlier this year in Budget 2024, as well as certain other changes arising from other policy reviews.
Income Tax (Amendment) Act 2024
The main measure of the Income Tax (Amendment) Act 2024 are s…