Daniel Ho and Loh Eng Kiat

It would make sense to allow Maritime Sector Incentive-Maritime Leasing taxpayers to opt for a 10 per cent tax rate, even if their income qualifies for the tax exemption or 5 per cent tax rate under the present award parameters.

A new lease of life for Singapore’s legacy tax incentives 

Policymakers should consider the value in leveraging and re-purposing some of Singapore’s legacy tax incentives in the coming year.