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Feedback sought on proposed changes to Income Tax Act

To help companies cope with the economic uncertainty and continue restructuring, a key change suggested was to enhance and extend the corporate income tax rebate for year of assessment 2017 (YA17) and 2018.


THE Ministry of Finance is seeking feedback from June 19 to July 10 on the proposed changes to the Income Tax Act, following a periodic review of the income tax system.

The draft Income Tax (Amendment) Bill 2017 was announced earlier this year in the 2017 Budget statement...

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