Singapore Budget 2008: Impact On Legal Practices
The Singapore Budget 2007 has some initiatives that has an impact on legal practice. They include: (a) removal of estate duty on deaths occurring on or after 15 February 2008; (b) broaden tax reliefs for Singaporeans to top up their own CPF accounts and that of their family members; (c) tax incentives for expenses for fixtures and fittings by companies; and (d) unilateral tax credit claim for foreign income taxes.
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