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Singapore updates extended mergers and acquisitions tax-relief regulation

( July 20, 2015, 10:21 GMT | Official Statement) -- MLex Summary: The Inland Revenue Authority of Singapore has updated its e-Tax guide on the country's mergers and acquisitions allowance and stamp duty relief regulation, which has been extended for another five years until March 31, 2020. The updated scheme increases the M&A allowance companies receive for from 5 percent to 25 percent of the value of the acquisition, but lowers the acquisition cost cap from S$100 million ($73.2 million) to S$20 million ($14.6 million). This, in effect, maintains the M&A allowance cap of S$5 million. The cap on stamp duty relief that may be claimed by an acquiring company on the transfer of unlisted shares has also been lowered from S$200,000 to $S40,000 per financial year....

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