On 23 February 2015, the Singapore Ministry of Finance issued the 2015 budget including several proposed tax measures. Key tax measures include:
Corporate Income Tax
- The 30% corporate tax rebate is extended through 2017, but the SGD 30,000 rebate cap per year is reduced to SGD 20,000
- The PIC cash bonus for qualifying PIC investments will not be extended beyond 2015
- A new International Growth Scheme will be introduced that provides a reduced tax rate of 10% on incremental income from quali…