When I did my highlights on the 2023 tax Acts, I was struck by the provision of section one of the Income Tax (Amendment) Act, 2023 (Act 1094) which I believe requires further attention. This article ...

THE top marginal personal income tax will be increased with effect from the 2024 year of assessment, Finance Minister Lawrence Wong announced on Friday (Feb 18). The portion of chargeable income in ...

Your income from letting out of a house or part of your house will henceforth not be charged under the head ‘profits and gains of business or profession’. Instead, it will be chargeable only under the ...

This guide explains the income-tax rates applicable to individuals, HUFs, companies, firms, co-operative societies, and other taxpayers for AY 2026-27. It also covers surcharge, cess, marginal relief, ...