On 6 October 2026, the Finance (Income Taxes) Bill 2026 (Bill), which was introduced in Parliament for first reading on 8 September 2026, was read a second time and passed. The Bill seeks, among other things, to implement the tax changes in the 2026 Budget Statement, amend the Multinational Enterprise (Minimum Tax) Act 2024 to comply with the latest Pillar Two global minimum tax rules, and introduce changes to simplify tax filing for taxpayers.
To view our update on the key changes introduced by the Bill, please click here.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or the following Partner:
TAN Shao Tong
Head – Tax
d +65 6416 8186
e shaotong.tan@wongpartnership.com
Click here to view Shao Tong’s CV.