THE SINGAPORE BUDGET 2023
We have pleasure in enclosing an extract of the Singapore Budget 2023 – Tax Changes and Enterprise Disbursement, from IRAS presented in Parliament on 14 February 2023 by Deputy Prime Minister and Finance Minister Lawrence Wong for your information. This year’s budget focus on “Moving Forward in New Era”, to help Singaporean through the high…
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Singapore Budget 2021 – Others
NAVIGATION Enhancement of Electric Vehicle (EV) Early Adoption Incentive (EEAI) Transitional Offset Measures for Vehicles Using Petrol Revision to Petrol Duty Rates 1. ENHANCEMENT OF ELECTRIC VEHICLE (EV) EARLY ADOPTION INCENTIVE (EEAI) To encourage early adoption of EV, a 45% rebate on the Additional Registration Fee (ARF) for electric cars and taxis will be granted…
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Tax Dept
Fortitude Budget 2020 (4th Round of Financial Support)
On 26 May 2020, the Singapore Deputy Prime Minister and Minister for Finance, Heng Swee Keat has unveiled in Parliament, a S$33 billion 4th round of financial support (landmark package) to tide through the COVID-19 crisis as most businesses are expected only to be able to resume their operations in July 2020. Together with the…
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Tax Dept
Solidarity Budget 2020 (3rd Round of Strong Support Measures)
On 6 April 2020, the Singapore Deputy Prime Minister and Minister for Finance, Heng Swee Keat unveiled in Parliament, a 3rd round of a strong enhanced support measures to help tide business, workers and households through the COVID-19 outbreak which had taken a sharp turn both globally and locally. The 1st Budget (Unity Budget) was…
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Supplementary Singapore Budget 2020 – Second Stimulus Package
On 26 March 2020, Deputy Prime Minister and Finance Minister Heng Swee Keat delivered the Resilience Budget for businesses and households in response to the accelerated spread of COVID-19 and is now a global pandemic. This second stimulus package provides a slew of new measures and enhancements to existing schemes aiming at stabilizing Singapore’s economy,…
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