Singapore: Update on insurance, REIT, business trust incentives

Singapore: Update on insurance, REIT

After Singapore’s 2015 budget, the authorities issued details concerning the following four tax changes:

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  • Extending and refining tax incentives for insurance businesses
  • Extending tax concessions for listed real estate investment trusts (REITs)
  • Extending and enhancing goods and services tax (GST) concessions for REITS and qualifying registered business trusts (RBTs) listed in Singapore
  • Tax exemption for income derived by non-Singapore tax resident mediators

Read a July 2015 report [PDF 335 KB] prepared by the KPMG member firm in Singapore: Tax Alert

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