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Singapore Income Tax (Amendment) Act 2023 Published Including New Rules on Taxing Gains from the Sale of Foreign Assets

|Approved Changes|Singapore
Singapore

Singapore published the Income Tax (Amendment) Act 2023 in the Official Gazette on 3 November 2023, which includes tax measures announced in the 2023 Budget Statement on 14 February 2023, as well as changes arising from international tax developments and MOF's periodic review of Singapore's tax system to better reflect policy objectives and to improve tax administration. Some of the main measu…

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