Wednesday, 23 July, 2014

 
Published February 21, 2014
SG Budget: More can be done for shipping: Deloitte
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It is unusual that there were no shipping-related tax enhancements this year - PHOTO: SPH

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"It is unusual that there were no shipping-related tax enhancements this year. Perhaps it is a sign that the shipping tax incentive regime in Singapore needs no further tweaking. However, we feel that more can still be done to streamline the definition of qualifying income and have a negative list of qualifying income similar to the fund incentive schemes, instead of specific streams of income that should be incentivised."

- Daniel Ho, Director of Taxes, Deloitte Singapore