Amendments
The circular has been updated with the following changes:
• Updated paragraph 2.2.(i) on the highest marginal personal income tax rate for Year of Assessment 2024.
• Updated footnote 1 on the website navigation path to information on corporate tax exemptions and rebates.
• Updated paragraph 3.3 to incorporate information on section 33A surcharge which is applicable from Year of Assessment 2023 onwards.
• Updated paragraph 6.3 to incorporate information on section 33A surcharge which is applicable from Year of Assessment 2023 onwards.
• Updated paragraph 6.5 to remove examples of government grants.
• Updated paragraph 7.1 on the website navigation path to send enquiry through IRAS website for corporate tax and individual tax matters.
• Updated Annex B2 FAQ 7 to clarify on the way taxpayers may choose to file their tax returns while their cases are under review. Included information on section 33A surcharge which is applicable from Year of Assessment 2023 onwards.
