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”)
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