Parliament: Update to allow transfer of tax incentives when companies restructure

SINGAPORE - Companies that had been offered tax breaks under a government scheme aimed at encouraging them to operate in Singapore can continue to enjoy the incentive in case of corporate restructuring.

Singapore has traditionally enticed foreign investment by awarding tax incentives under the Economic Development Board schemes to firms, provided they undertake substantive economic activity here. Mr Chee said:"We know that companies increasingly co-own assets with other companies, including through corporate partnerships."

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Parliament: Companies in China resuming business as coronavirus situation stabilises, says Chee Hong TatSINGAPORE - Companies across China are gradually resuming their operations as the world's second-largest economy recovers from the fallout of the coronavirusoutbreak, Senior Minister of State for Trade and Industry Chee Hong Tat said in Parliament on Wednesday (March 25).. Read more at straitstimes.com. Pre mature...and a big mistake
Source: The Straits Times - 🏆 8. / 63 Read more »