On 4 November 2022, Singapore’s official Gazette published the income tax (Amendment) Act 2022. The Act includes the following measures:

  • Extension of withholding tax exemption to 31 March 2023 from 31 March 2022 for foreign mediators and arbitrators.
  • Extension of tax incentives for aircraft leases from 31 December 2022 to 31 December 2027.
  • Extension of tax incentives for project and infrastructure loans from 31 December 2022 to 31 December 2025.