Singapore’s Budget Statement for 2024 has been delivered in Parliament by Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, on 16 February 2024. Themed “Building Our Shared Future Together”, Budget 2024 rolls out the first instalment of the Forward Singapore programmes.
Singapore’s Budget Statement for 2024 has been delivered in Parliament by Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, on 16 February 2024. Themed “Building Our Shared Future Together”, Budget 2024 rolls out the first instalment of the Forward Singapore programmes.
Our Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, delivered Singapore's FY2023 Budget Statement on Tuesday, 14 February 2023. Titled “Moving forward in the new era”, the Budget 2023 speech addresses the challenges ahead for Singapore businesses and families amidst these times of global economic slowdown, geopolitical tensions, and rising inflation.
OVER the last decade or so, it is not often the case in Singapore that tax topics dominate the build-up to Budget Day; many practitioners including myself have generally paid more attention to the annexes that follow the full speech to decode the specific tax changes.
This year’s Singapore Budget 2022 delivered by the Finance Minister on 18 February has drawn a significant amount of attention. Discussions around the Budget have dominated mainstream media’s headlines since, with Finance Minister Lawrence Wong rounding up the debate on this year's Budget on 2 March.
鉴于近来媒体都在以显著的篇幅，大事报道有关公司税的课题，人们可能很容易认为，在世界领导人同时应对冠病疫情、气候变化和贸易战等其他难题的多事之秋时，税制改革是难得的亮点。 事实上，自“七国集团税收协议”于6月初宣布以来，公众就不时收到有关协议的最新进展：英国《金融时报》在2021年10月8日的头条标题是：“136个国家达成一个世纪以来最大的公司税协议”；仅仅三周后，路透社在采访20国集团罗马峰会时，发表了一篇题为《20国集团领导人批准2023年启动的全球最低公司税协议》的报道。
Given the recent triumphant headlines on various media platforms concerning the topic of corporate tax, one may easily perceive tax reform as a rare bright spark in these uncertain times — a time during which world leaders tackle concurrently other difficult issues, including COVID-19, climate change, and trade wars.
Even as one tackles the challenges in taxation, an eye should be cast on the subject of wealth taxes in Singapore. Tax regimes need to be ‘fit for purpose’. BY LOH ENG KIAT
MS Explains: Chances are you are paying more personal income tax than you need to. Here's how you can use tax deductions and reliefs to reduce your tax, and in some cases, deduct it away completely.
DURING her press conference on June 5 following the close of the G-7 Finance Ministers Meetings, US Secretary of the Treasury Janet Yellen remarked that "by collaborating with one another on the global minimum tax, governments protect their national sovereignty to set tax policy, because . . . the race to the bottom on corporate tax rates are alleviated".