KEY 2004 BUDGET
INITIATIVES
For
Individuals -- Exempt Individuals’ Foreign-sourced Income and
Singapore-sourced Investment Income from tax [$42 million]
z
All
foreign-sourced income received in Singapore by individuals exempt
from tax, with effect from Year of Assessment (YA) 2005.
z
Specified
Singapore-sourced investment income from financial instruments
received by individuals exempt from tax from YA 2005.
For details,
please refer to the official Budget 2004 website: www.budget2004.gov.sg.
MINISTRY OF
FINANCE
27 FEBRUARY 2004