Dennis Tan on Finance (Income Taxes) Bill
The proposed amendments provide an opportunity to reflect on the importance of Singapore's maritime tax incentives in an evolving global landscape, said MP Dennis Tan. Speaking in parliament on Tuesday (Oct 6), he pointed out that the success of Singapore as an international maritime centre depends not merely on ships calling, but also on its ability to attract and retain high-value maritime businesses and activities. He asked for an update on the effectiveness of Singapore's principal maritime tax incentive schemes. He also asked if the government would consider sharing its assessment of these incentives.
The proposed amendments provide an opportunity to reflect on the importance of Singapore's maritime tax incentives in an evolving global landscape, said MP Dennis Tan. Speaking in parliament on Tuesday (Oct 6), he pointed out that the success of Singapore as an international maritime centre depends not merely on ships calling, but also on its ability to attract and retain high-value maritime businesses and activities. He asked for an update on the effectiveness of Singapore's principal maritime tax incentive schemes. He also asked if the government would consider sharing its assessment of these incentives.