Singapore Announces Support Measures for Taxpayers

The Inland Revenue Authority of Singapore (IRAS) has announced a series of support measures being implemented to ease cash flow for taxpayers in response to the COVID-19 outbreak. For businesses, some of the main measures are summarized as follows. Measures for employees and the self-employed are also provided.

Automatic Deferment of Corporate Income Tax (CIT) Payments

All companies with CIT payments due in the months of April, May and June 2020 will be granted an automatic three-month de…