Minister for Finance Heng Swee Keat delivered the Singapore Government’s Budget Statement for Financial Year 2018 in Parliament on Monday, 19 February 2018. Budget 2018 lays the foundation for Singapore’s development into the next decade. It serves as a strategic and integrated financial plan to position Singapore for the future. Budget 2018 comes amidst a backdrop of three broad shifts. First: the shift in global economic weight towards Asia; second, the emergence of new technologies; and third, an ageing population in Singapore.
Deputy Prime Minister and Minister for Finance Heng Swee Keat delivered the Singapore Government’s Budget Statement for Financial Year 2020 in Parliament on Tue, 18 February 2020. Budget 2020 is presented against a backdrop of the on-going COVID-19 outbreak, as well as broader uncertainties in the landscape. There are also long-term structural shifts taking place around the world – a decline in support for globalisation, a shift in economic weight towards Asia, technological disruption, and an ageing population in many countries.
Tax Highlights: Singapore Budget 2019
"Minister for Finance Heng Swee Keat delivered the Singapore Government’s Budget Statement for Financial Year 2019 in Parliament on Monday, 18 February 2019.
Presented in our bicentennial year, Budget 2019 comes amid four major shifts: the shift in global economic weight towards Asia, rapid technological advancements, changing demographic patterns, and increasingly, the decline in support for globalisation. Domestically, there are long-term challenges we must address as a society. We will chart our way forward confidently, building on our distinct strengths and our Singaporean DNA."*
Find out what’s available to help you and your organisation in our Budget 2019 Tax Highlights:
Download the Singapore Budget 2019 Commentary:
*Source: https://www.mof.gov.sg/Newsroom/press-releases/budget-2019-building-a-strong-united-singapore
>> Back to Singapore Budget: Tax Highlights>> Main Page
DISCLAIMER: All opinions, conclusions, or recommendations in this article are reasonably held by Baker Tilly at the time of compilation but are subject to change without notice to you. Whilst every effort has been made to ensure the accuracy of the contents in this article, the information in this article is not designed to address any particular circumstance, individual or entity. Users should not act upon it without seeking professional advice relevant to the particular situation. We will not accept liability for any loss or damage suffered by any person directly or indirectly through reliance upon the information contained in this article.