Deputy Prime Minister and Finance Minister, Mr. Lawrence Wong delivered the 2024 Budget Statement in Parliament on 16 February 2024. The Budget, themed building our shared future together, is a budget to keep Singapore competitive and moving forward, equip our people to realise their fullest potent...
With Singapore's impending implementation of Income Inclusion Rule and Domestic Top-up Tax in 2025, companies will want to consider how the availability of the new incentives could be factored into their tax strategy. The Singapore Budget 2024 introduces a Refundable Investment Credit (RIC), a Glo...
Policies within Singapore Budget 2024 aim to improve business costs and competitive advantage with new tax measures and wage subsidies.
On January 1 2024 the Singaporean Government increased Goods and Services Tax (GST) from 8% to 9%. Learn how it affects you.
The 2024 Singapore Budget can be best described with the title of a recent award-winning movie called “Everything Everywhere All At Once” but certainly without the chaos. Hear PwC Singapore Tax Leader Chris Woo's insights to this year's Budget. Read more The Singapore Budget 2024, titled ...
Discover how the Singapore Budget 2024 may impact your business: Extended loan terms, corporate tax changes, and more.
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In the wake of a challenging year marked by global uncertainties and economic strains, Singapore’s Budget 2024 emerges as a beacon of hope and resilience. Delivered by Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, this budget not on
With effect from January 1 2023, the GST rate will increase from 7% to 8%. From January 1 2024, the GST rate will increase from 8% to 9%. Wealth tax Prior to the Budget announcement, there was much speculation about whether the government will introduce a new regime to tax the wea...
Singapore follows Australia, New Zealand and other countries by removing the goods and services tax (GST) relief on the importation of low-value goods to ensure a level playing field between domestic and foreign businesses.