Jeffrey Siow on Finance (Income Taxes) Bill
In parliament on Tuesday (Oct 6), Second Minister for Finance Jeffrey Siow raised a Bill for debate that brings into legal effect tax measures earlier announced, to help businesses cope with rising cost pressures and invest in AI. It also introduces amendments to comply with the latest Pillar Two global minimum tax rules, as well as changes to simplify tax filing for businesses and the self-employed.
In parliament on Tuesday (Oct 6), Second Minister for Finance Jeffrey Siow raised a Bill for debate that brings into legal effect tax measures earlier announced, to help businesses cope with rising cost pressures and invest in AI. It also introduces amendments to comply with the latest Pillar Two global minimum tax rules, as well as changes to simplify tax filing for businesses and the self-employed.
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