(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.data-privacy-src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-67256506-2', 'auto'); ga('send', 'pageview');

singapore budget

Home/Posts/Tag:singapore budget

Singapore Budget 2021 – Others

By |2021-05-12T19:16:09+08:00May 12th, 2021|Insights, Taxation|

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 [...]

Singapore Budget 2021 – Individuals and Households

By |2021-05-12T19:05:38+08:00May 12th, 2021|Insights, Personal Taxation|

NAVIGATION Individual Income Tax Rate GST Voucher (GSTV) - Cash Special Payment GST Voucher (GSTV) - U-Save Special Payment Service and Conservancy Charges Rebate (S&CC Rebate) Top-Ups to Child Development Account, EDUSAVE Account, and Postsecondary Education Account Community Development Council Vouchers Scheme) Reduction in S Pass Sub-Dependency Ratio [...]

Singapore Budget 2021 – Goods and Services Tax (GST)

By |2021-05-12T19:09:19+08:00May 6th, 2021|Featured, Goods and Services Tax (GST), Insights|

NAVIGATION GST Rate Imposition of GST on Imported Low-Value Goods Change of Basis for Determining Zero-Rating Supply of Media Sales 1. GST RATE Currently, the GST rate remained at 7%. GST rate is planned to increase from 7% to 9% between year [...]

Singapore Budget 2021 – Corporate and Business

By |2021-05-12T18:53:59+08:00April 29th, 2021|Corporate Income Tax, Featured, Insights|

NAVIGATION Corporate Income Tax (CIT) Rate Extension and Enhancement of the Carry-Back Relief Scheme Extension of Option to Accelerate Eligible Claim on Cost of Plant and Machinery (P&M) Withdrawal of Accelerated Depreciation Allowances for Highly Efficient Pollution Control Equipment (ADA PCE) Scheme Extension of Option to Accelerate Eligible [...]

Comments Off on Singapore Budget 2021 – Corporate and Business

Singapore Guide: ISCA FRB 5 – Accounting for Property Tax Rebate

By |2020-06-30T21:11:20+08:00June 30th, 2020|Featured, IRAS Tax Relief|

The COVID-19 pandemic has adversely impacted the global economy, hitting Singapore companies and businesses affected by preventive circuit breaker measures implemented in the country.  The Singapore government has since announced various support schemes in the form of income tax rebate and reliefs for FY2020. Among these measures is the property [...]

Fortitude Budget 2020 (4th Round of Financial Support)

By |2021-05-12T18:50:16+08:00May 27th, 2020|Insights, Taxation|

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 [...]

Solidarity Budget 2020 (3rd Round of Strong Support Measures)

By |2020-06-30T20:53:42+08:00April 8th, 2020|Insights, Taxation|

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. [...]

Supplementary Singapore Budget 2020 – Second Stimulus Package

By |2020-06-30T20:55:04+08:00March 27th, 2020|Insights, Taxation|

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 [...]

Singapore Budget 2020 – Others

By |2020-02-21T20:50:28+08:00February 21st, 2020|Insights, Taxation|

NAVIGATION EV Early Adoption Incentive For Fully Electric Cars Road Tax For Electric Cars Road Tax For Petrol-Electric Cars Road Tax For Electric Motorcycles Road Tax For Electric Light Goods Vehicles (LGVS) And Electric Goods Passenger Vehicles (GPVS) With Maximum Laden Weight Of ≤3.5 Metric Tonnes [...]

Singapore Budget 2020 – Individuals and Households

By |2020-02-21T19:00:02+08:00February 21st, 2020|Insights, Personal Taxation|

NAVIGATION Individual Income Tax Rate Extension Of Withholding Tax Exemption For Non-Resident Mediators Extension Of Withholding Tax Exemption For Non-Resident Arbitrators Extension Of Concessionary Withholding Tax Rate For Non-Resident Public Entertainers (NRPEs) Lapse Of Angel Investors Tax Deduction (AITD) Scheme Rental Waiver For Hawkers Service And Conservancy Charges [...]