May 1, 2019

New S$75m grant to enhance Singapore as an enterprise financing hub

Singapore, 14 January 2019 – The Monetary Authority of Singapore (MAS) will launch next month a new S$75 million Grant for Equity Market Singapore (GEMS). Announcing this at the UBS Wealth Insights conference today, Mr Heng Swee Keat, Minister for Finance and MAS Board Member, highlighted Singapore’s vision to serve as Asia’s centre for capital…

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POSTED BY

Wan Wei Han

April 30, 2019

Singapore Economic Outlook: Mar 2019

Singapore’s GDP Grew by 1.3 in the First Quarter of 2019 compared to 1.9 % growth in the fourth quarter of last year-  The decline was not unexpected given the GDP 2018 was 3.2% versus GDP 2017 of 3.7%. China, Malaysia, EU, USA,HK and Taiwan were the main trading partners. The overall trend will continue to be very challenging given all…

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POSTED BY

Paul Wan, FCA

February 25, 2019

Singapore Budget 2019 – Others

NAVIGATION Reduction Of Greenhouse Gas Emissions Restructuring Diesel Taxes Road Tax Rebates And Grants For Commercial Diesel Vehicles Tightening Of Duty-Free Allowance For Liquor Products   1 – REDUCTION OF GREENHOUSE GAS EMISSIONS Carbon TaxAs announced in last year’s budget, the carbon tax on the emission of greenhouse gases (GHG) to reduce carbon emissions will…

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POSTED BY

Tax Dept

February 24, 2019

Singapore Budget 2019 – Individuals and Households

NAVIGATION Individual Income Tax Rate Personal Income Tax Rebate Grandparent Caregiver Relief Not Ordinarily Resident (NOR) Scheme CPF Top-Up Five-year MediSave Top-Up Edusave Accounts And Post-Secondary Education Accounts Top-Up Workfare Income Supplement (WIS) Commemorating Our Bicentennial Merdeka Generation Package (MGP) ComCare Long-Term Assistance And Singapore Allowance CareShield Life Community Health Assist Scheme (CHAS) Service And…

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POSTED BY

Tax Dept

February 24, 2019

Singapore Budget 2019 – Goods and Service Tax (GST)

NAVIGATION  GST Rate Tightening Of GST Import Relief For Travellers GST Remission For S-REITs And Singapore-Listed Registered Business Trusts (RBTs) Recovery Of GST For Qualifying Funds 1 – GST RATE The current GST rate is 7%. As announced by the Minister in budget 2018, the GST rate will rise from 7% to 9% sometime between…

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POSTED BY

Tax Dept