On 18th February 2020, Finance Minister Mr Heng Swee Keat delivered the Singapore 2020 Budget Statement.
One of the main goals of the strategic financial plan is to grow the economy and transform Singapore’s enterprises through various packages and increased support for businesses, especially those significantly impacted by the COVID-19 virus outbreak. Overall, the Singapore Budget for 2020 aims at long term economic growth through extensive support of SMEs & start-ups. Detailed in this article are some of the changes to take note of and key government initiatives that impact SMEs to listed companies.
If you have any questions relating to any of the information contained in this 16-page infographic report, please contact our tax advisors via email or call us at +65 6230 9788.
What All Enterprises Should Know
Tax Benefits All Enterprises Should Be Aware Of
What MNCs & Listed Companies Should Know
What SMEs Should Know
Useful information for Start-ups
Download the Full 16-page Singapore Budget 2020 Infographic Report
Related Business Insights
-
15 Mar 2021
Singapore Budget 2021 – What Businesses Can Capitalise on to Accelerate Growth in the Post-Pandemic Economic Landscape
The budget this year, while focused on COVID-19 support measures, also showcases the government’s foresight as th …
READ MORE -
21 Jan 2021
Use of Electronic Signatures in Singapore
In the context of the ongoing digital revolution, the Singapore government has announced Singapore's goal to become …
READ MORE -
11 Jan 2021
The New Approach: 6 Fresh Ways To Mitigate The Employee Impact Of Cost-Cutting Measures During A Recession
So while cost-cutting measures are essential to weather this storm, mitigating the effects of those measures on you …
READ MORE