expenses, they will be allocated between the pre-incentive and incentive income based on income proportion This change will take effect for Section 14U and pre-commencement expenses that are incurred from 25 March 2016. Introduce mandatory electronic In line with for more effective delivery of Sections 8A and government’s direction for corporate public services and to be aligned with the Smart Nation vision to 63 filing (“e-filing”) income tax returns harness technology to enhance productivity, mandatory e-filing of CIT [Clauses 3 and 43] returns will be implemented in stages as follows: Extend the Not-for-Profit To continue promoting Singapore as a hub for NPOs, the NPO tax Section 13U tax incentive will be extended till 31 March 2022. [Clause 10] Organisation (“NPO”) incentive Withdraw the tax exemption on As the scheme is assessed to be no longer relevant, the tax exemption Section 13 income derived by for non-residents trading in Singapore in specified commodities via [Clause 5]
expenses, they will be allocated between the pre-incentive and incentive income based on income proportion This change will take effect for Section 14U and pre-commencement expenses that are incurred from 25 March 2016. Introduce mandatory electronic filing (“e-filing”) for corporate income tax returns In line with government’s direction for more effective delivery of public services and to be aligned with the Smart Nation vision to harness technology to enhance productivity, mandatory e-filing of CIT returns will be implemented in stages as follows: Sections 8A and 63 [Clauses 3 and 43] Extend the Not-for-Profit Organisation (“NPO”) tax incentive To continue promoting Singapore as a hub for NPOs, the NPO tax incentive will be extended till 31 March 2022. Section 13U [Clause 10] Withdraw the tax exemption on income derived by As the scheme is assessed to be no longer relevant, the tax exemption for non-residents trading in Singapore in specified commodities via Section 13 [Clause 5]
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