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Singapore Budget 2023

  • Bloomberg

    Singapore next PM Wong says era of zero-sum thinking has started

    Singapore warned about greater economic nationalism and protectionism around the world, especially as tensions between the US and China heat up.

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  • Coconuts Singapore

    Singapore promises more assurance package payouts for citizens (while encouraging them not to rely on the gov’t for help)

    Deputy Prime Minister and Minister of Finance Lawrence Wong stepped up to the podium today to present the government’s Very Important Annual Budget announcements. Like any true leader, he started off with some encouraging gobbets about Asia’s economy being the most stable before bringing us down to earth again by reminding us how much we…

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  • Reuters SG

    UPDATE 2-Singapore sees lower 2022 budget deficit at 0.3% of GDP

    Singapore expects the 2022 budget deficit to be S$2 billion ($1.51 billion), or 0.3% of gross domestic product, down from a previous estimate of S$3 billion, finance minister Lawrence Wong said on Tuesday. Wong, who was presenting the 2023 budget to parliament, said the city-state must brace for a period of higher inflation and that the government would help citizens and businesses weather the higher costs of living. Singapore faces the prospect of a slowing economy amid inflationary pressures

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  • Bloomberg

    Singapore to set effective corporate tax rate at 15% from 2025

    Singapore intends to set its effective tax rate for multinational enterprises at 15% starting 2025, in line with a global agreement to increase the floor rate.

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  • Bloomberg

    Singapore tackling high cost of living seen as top budget goal

    Singapore’s budget on Tuesday is expected to emphasize a return to pre-pandemic fiscal conservatism, without undermining support to the most vulnerable from rising costs of rent, transport and food.

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  • The Edge Singapore

    Singapore Budget 2023 wish list: EY

    Budget 2023 is coming up and here's a list of wishes from EY.

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  • MediaOutReach

    KPMG proposes Budget 2023 measures to drive Singapore’s green and inclusive growth towards lasting paths for businesses

    Green finance will be key to powering Singapore's sustainability – spurring blended finance and transition finance ecosystems will be instrumental in intensifying green investments Forging a fit-for-future 'Forward Singapore' social compact and catalysing capital to create new opportunities for enterprises and talents will be critical In view of a potential economic slowdown, support measures for businesses to digitalise, transform, and embed ESG will need to be expanded SINGAPORE - Media OutRea

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  • The Edge Singapore

    Singapore may need to re-evaluate tax incentives in post-BEPS 2.0 world: Deloitte

    With developments to the Base Erosion and Profit Shifting framework, tax incentives for businesses may need to be re-evaluated.

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  • Yahoo Finance Singapore

    Budget 2023: Calculator launched to help Singaporeans find out benefits

    Where to find it? How to use it?

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  • Yahoo Finance Singapore

    Budget 2023: Tax on all tobacco products increase by 15%

    How much in extra revenue will be generated per year from this increased tax?

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