Well, the Singapore Budget 2024 statement includes even more relief for owner-occupiers of residential properties concerned about high property tax prices. Effective January 2025, the property tax ...
Singapore introduces new Section 10L to tax gains from the sale or disposal of foreign assets
Historically, Singapore does not tax capital gains. Only gains which are “income” in nature are taxed.However, from January 1, 2024 onwards, Singapore has intro ...
Refundable Investment Credit, strong fiscal position will give Singapore edge: tax experts
WHILE jurisdictions elsewhere have introduced or are planning measures similar to Singapore’s new Refundable Investment Credit (RIC) scheme, the city-state’s strong track record and fiscal ability, ...
Singapore airfares set to rise on sustainable aviation fuel levy: ‘there will be a cost’
The levy will vary depending on factors such as the length of the flight and whether the passenger is flying in economy, Singapore’s government said.
Outbound travellers from Singapore to pay levy from 2026 as part of sustainable air hub drive
TRAVELLERS departing Singapore will have to fork out more for their air tickets from 2026 because of a levy that will be imposed due to a requirement for flights to use sustainable aviation fuel. Read ...
Commentary: Crucial to secure Singapore’s main revenue source, given little leeway for more GST or wealth taxes
SINGAPORE: If last year’s Budget was a Valentine’s Day ... the government must have sufficient and sustainable revenue sources. Corporate income tax revenue continues to be the main source of ...
FDA lifts ban on pork imports from Singapore
After a nine-month ban, the Food and Drug Administration (FDA) is again allowing pork imports from Singapore after it was declared free from African swine fever virus. FDA director general Samuel ...
Property tax changes could ease home owners’ burden but developers see limited relief
SINGAPORE – Several property-related policy adjustments announced in Budget 2024 will help bring relief to many private residential home owners – who saw their property tax bills balloon this year – ...
Heart of the Matter – Budget 2024: Is this a blueprint for a new Singapore?
From significant top-ups to SkillsFuture credits to ITE students getting incentives to upskill, Budget 2024 is a shift in the kind of society the new fourth generation, or 4G, leadership wants to ...
Budget 2024: Resident taxpayers to get 50% personal income tax rebate, capped at $200
A similar income tax rebate was last announced in Budget 2019 when Singapore was commemorating the 200th anniversary of Sir Stamford Raffles’ arrival here. Then Finance Minister Heng Swee Keat said ...
Singapore Exports Returned to Growth, Signaling End of Trade Slump
The country’s non-oil domestic exports returned to growth in January in a surprising show of strength.
Singapore Sets Sights on Corporate Tax Hike and AI Investment in 2024 Budget
Singapore's 2024 budget focuses on corporate tax hikes and a $1B AI investment to boost growth and technological leadership.
Singapore pledges to support households and companies as costs rise; expects budget surplus in 2024
Companies in the city-state will also get more support amid higher business costs, Wong said, announcing the Enterprise Support Package worth SG$1.3 billion. All companies in Singapore will get a 50% ...
Budget 2024: Singapore to move ahead with corporate tax reform under global initiative
The inititiative aims to ensure a global minimum effective tax rate of 15 per cent for large MNEs. Read more at straitstimes.com.
Here Are the Winners and Losers From Singapore’s Budget
Singapore’s budget measures aimed at reducing the cost of living may benefit consumer and health-care stocks, while multinational companies will face greater tax pressures. Finance Minister Lawrence ...
Budget 2024: Singapore to provide 50 per cent personal income tax rebate for Assessment Year 2024
In light of concerns of the cost of living in, Singapore will provide a personal income tax rebate of 50 per cent for the Assessment Year 2024. This will be capped at S$200, said Deputy Prime Minister ...