As Singapore moved into a post-pandemic era, the Singapore 2023 Budget focused on building capabilities and seizing opportunities in a new era of global development. The budget centred on 3 key thrusts – growing the economy, strengthening social compact and building collective resilience. We’ve summarised the key changes that you’ll need to be aware of, in order to maximise the benefits for your company.
To discover insights and updates on the tax incentives announced that will implicate your tax planning, download our Singapore 2023 Budget Report.
If you have any questions relating to the information contained in this report, please contact our tax advisors via email or call us at +65 6536 5355.
Corporate Income Tax
Philanthropy tax incentive scheme for family offices
Increase in Buyer’s Stamp Duty rates
Enhancements to the Progressive Wage Credit Scheme (“PWCS”)
Related Business Insights
-
29 Jun 2023
Why Your Business Needs Accounting Services in Singapore
Having professional tax and accounting services can empower your company, giving you time to focus on growing your …
READ MORE -
15 Jun 2023
Maximise company formation with a knowledgeable company secretary
Are you planning to start a business in Singapore? Set yourself up for success by appointing a company secretary wh …
READ MORE -
09 May 2023
The Accounting and Tax Trends that are strengthening Singapore’s Economic Growth Prospects
Discover the tax and accounting trends influencing businesses in Singapore today and the strategies you can use to …
READ MORE
