EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
New legislation on RIC and concessionary tax rate tier under the DEI
New legislation on RIC and minimum requirements for the new 15% concessionary tax rate tier under the DEI
With Singapore’s impending implementation of an income inclusion rule and domestic top-up tax with effect from 1 January 2025, there were a number of new measures announced in Singapore Budget 2024 earlier this year such as the introduction of the Refundable Investment Credit (RIC) scheme and the additional concessionary tax rate tier of 15% for a number of existing tax incentives.
More recently, the legislation on the RIC has been introduced in the Singapore Parliament and the entry-level benchmarks for the 15% concessionary tax rate under the Development and Expansion Incentive have been publicly released.