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 ...
Singapore to expand 2024 spending, enforce global minimum tax
Singapore's Finance Minister Lawrence Wong on Friday announced expanded government spending to help households battle inflationary pressures in the city-state, but promised a balanced budget in the ...
An Economist Answers Singapore’s Burning Questions Ahead of Budget 2024
Are higher taxes all that bad? What's the deal with all the family offices here? We get leading economist Manu Bhaskaran to demystify common finance and policy questions ahead of Budget 2024. The post ...
Singapore NODX Data Due On Friday
Singapore will on Friday release January figures for non-oil domestic exports, highlighting a modest day for Asia-Pacific economic ...
The Body Shop’s Singapore franchise not affected by UK business entering administration
SINGAPORE – It is business as usual at the Singapore franchise for cosmetics and skincare brand The Body Shop, despite its beleaguered British business entering administration. All 30 stores here ...