The Singapore Budget 2016 focused on driving growth within the
economy, and much of this stems from supporting small-medium sized
enterprises (SMEs). The budget introduced tax relief for SMEs to
create an economy that drives innovation and productivity. It also
enhanced tax incentives within certain industries to attract
international businesses to Singapore.
Access our
Singapore Budget 2016: key highlights for a snapshot of the
budget.
M&A tax incentive offers opportunities to expand in the
slowdown
A slowing economy can provide great opportunities for business,
including the option to expand through merger or acquisition.
This year's budget enhances Singapore's tax incentive
scheme to encourage M&A transactions. The incentive allows a
tax deduction on 25% of the cost of acquisition, with a cap on the
deduction of SGD 10 million (approximately USD 7.43 million). Since
1 April 2016, the cap on the value of a qualifying share
acquisition has increased from
