Singapore 2020 Budget Extends Tax Relief on the Disposal of Shares

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Singapore’s 2020 budget has announced an exemption to the corporate income tax exemption for gains from the sale, transferal or disposal of shares in the city-state until the 31st of December 2027.

Now, the absolution will also apply to all immovable properties outside of Singapore, as well as investment companies in the business of renovating immovable Singapore-based properties going forward from June 1st, 2022. The charge-back loss relief system is also being extended to allow claims going back three years.