On 8 June 2026, the Ministry of Finance (MOF) launched a consultation seeking feedback on the proposed Finance (Income Taxes) Bill 2026 (Bill). The Bill proposes: (a) ten amendments to the Income Tax Act 1947 (ITA) to give legislative effect to tax measures announced at Budget 2026; (b) ten amendments to the ITA arising from MOF’s periodic review of Singapore’s income tax system; and (c) two amendments to the Multinational Enterprise (Minimum Tax) Act 2024 to implement changes relating to the Pillar Two Global Anti-Base Erosion Model Rules.
To view our update on this consultation, 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.