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Singapore Budget 2019 puts some tax breaks out to pasture
Analysts say impact mitigated by alternatives; schemes had been reviewed for relevance
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Published Tue, Feb 19, 2019 · 09:50 PM
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Singapore
SEVERAL tax incentive schemes have been allowed to lapse after they were reviewed for relevance by the Ministry of Finance, as part of the Budget package delivered on Monday.
These included a property tax boon for tourism projects, the designated unit trust and approved unit trust schemes for investors, and the "not ordinarily resident" (NOR) scheme for high-skilled foreigners.
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