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Singapore to increase tax allowance for M&A activities

The Singaporean government plans to increase the tax allowance for merger and acquisition (M&A) activities, according to the country’s 2015 budget announcement.
The Singaporean government plans to increase the tax allowance formerger and acquisition (M&A) activities, according to the country’s2015 budget announcement.

Accordingly, the taxallowance for acquisition costs will increase to 25 percent of the valueof acquisition from the current 5 percent.

Besides,companies will be able to claim M&A benefits for acquisitionsresulting in at least 20 percent shareholding in the target company,down from the current threshold of 50 percent.

According to analysts, this will help reduce costs and risks so thatsmall-and medium-sized enterprises (SMEs) can grow organically.

Other experts said SMEs will need help executing their M&A plans, experts said.-VNA
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