Tagged as: Singapore budget
Singapore Budget 2013 Snapshot
Here are the highlights of Budget 2013: Wage Credit Scheme Government will co-fund 40% of the wage increases for workers earning up to SGD 4,000 per month. Corporate Income Tax Rebate A Corporate Income Tax Rebate of 30% from YA 2013 to YA 2015, capped at SGD 30,000 per Year of Assessment. PIC Bonus The … continue reading
Wage Credit Scheme
Under the WCS, the Government will co-fund 40% of wage increases given to Singaporean employees earning a gross monthly wage of up to $4,000. ... download now
Younger Singaporeans Should Not be Saddled by Taxes
Law and Foreign Affairs Minister K Shanmugam said that the government does not want younger Singaporeans to be saddled with tax burdens, even as the elderly are looked after. ... watch video
Singapore 2011 Budget Highlights
The Singapore government is handing out more than S$13 billion in benefits to households and businesses - aimed at growing incomes and strengthening society. ... watch video
Singapore Budget 2012 to Grow Economic Pie for All
In spite of a stronger focus on inclusive societal growth in the 2012 Budget, Singapore company incorporation specialists Rikvin is optimistic that the Budget will also lay the ground for long-term economic and productivity growth that will in turn, enhance the economic pie for businesses too. As communicated by Deputy Prime Minister Tharman Shanmugaratnam, Singapore … continue reading
Top 3 wants for Budget 2012
In light of a subdued global growth climate and the impending possibility of a downturn, businesses, particularly small to medium enterprises (SMEs) in Singapore, have proposed measures that could alleviate some of their pains in the near term. Rikvin has observed three issues that have repeatedly surfaced at the top of Singapore’s business community’s wishlist … continue reading
Singapore Set to Remain Competitive
In view of the upcoming Budget 2012, various businesses and organizations including the Association of Small and Medium Enterprises (ASME), the Institute of Certified Public Accountants of Singapore (ICPAS), Singapore Business Federation (SBF) and Singapore Chinese Chamber of Commerce and Industry (SCCCI) have come forward and voiced their concerns regarding increasing labor, business and rental … continue reading
Singapore Budget 2008 Unveil “Benefits for Business”
(A1) Tax Deduction for R&D Expenditure (for all companies) Increase the quantum of tax deduction for expenditure incurred on research and development (R&D) done in Singapore from 100% to 150%. This means that for every SS$100,000 of local R&D expenditure incurred, SS$150,000 may be claimed as a tax deduction. This higher deduction will be available … continue reading