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Budget 2016: Non-taxation on disposal gains on equity investments extended
The Ministry of Finance will extend the non-taxation of companies' gain on disposal of their equity investments, until May 31, 2022, said Heng Swee Keat, Minister for Finance.
It will also grant an M&A allowance on up to S$40 million of the value of the deal, instead of the current cap of S$20 million.
- For more Budget stories, go to bt.sg/budget_16. For live analysis by commentators on our blog go to bt.sg/budget2016blog.