On 2 October 2017, the Singapore parliament approved the Income Tax (Amendment) Bill No. 36/2017, which includes measures of the 2017 Budget ({News-2017-06-21/P/4-previous coverage}). Some of the main measures include:
- Amendments regarding cost sharing agreements (CSA) for R&D, including that from 2018, payments made under a CSA need not be related to the taxpayers trade or business, and need not be undertaken in Singapore if unrelated to the taxpayers trade or business, to be deductibl…