The Inland Revenue Authority of Singapore (IRAS) has published an overview of tax changes in the Budget Statement for the Financial Year 2021 that was delivered by Deputy Prime Minister and Minister for Finance, Heng Swee Keat, on 16 February 2021. Some of the main changes for businesses are summarized as follows:

• The enhancements to the carry-back relief scheme for Year of Assessment (YA) 20…