On 20 February, 2017, Finance Minister Heng Swee Keat, delivered Singapore Budget 2017.
Some of the highlights include how government plans to power the future economy, 30% hike in water price, help for companies and workers, as well as support for households and young families. No increase in GST or Income Tax Rates was seen.
These are @rikvinsg’s live tweets during the speech.
#Sgbudget2017
SME Working Capital Loan extended for 2 years, the Govt co-shares 50% of the default risk of loans up to $300,000 per SME— Rikvin Singapore (@rikvinsg) February 20, 2017
#SGBudget2017: Higher-end motorcycles to pay more in Additional Registration Fee, majority of buyers unaffected https://t.co/JWlmZA131v pic.twitter.com/RM7cik2Nst
— The Straits Times (@STcom) February 20, 2017
#sgbudget2017 Higher annual bursaries for post-secondary students, from $200 for ITE to $400 for undergrads.
— Rikvin Singapore (@rikvinsg) February 20, 2017
#sgbudget2017 A new Vehicular Emissions Scheme to be implemented to encourage the use of cleaner vehicles
— In.Corp Global (@incorpglobal) February 20, 2017
#sgbudget2017 Government will apply a permanent 2% downward adjustment to budget caps of all ministries
— Rikvin Singapore (@rikvinsg) February 20, 2017
#sgbudget2017 CPF Housing Grant Increased for couples who buy 4-room or smaller HDB resale flats- from $30K to $50K! pic.twitter.com/2hczKDmMaL
— Rikvin Singapore (@rikvinsg) February 20, 2017
Water prices are set to rise, as announced at #SGBudget2017. Here are 7 things about the price changes: https://t.co/tnJHQ1KVqe pic.twitter.com/svgX8AdNdl
— The Straits Times (@STcom) February 20, 2017
$100 million for Global Innovation Alliance & Leadership Development Initiative will be set-up for Singaporeans#SGbudget2017
— Rikvin Singapore (@rikvinsg) February 20, 2017
To internationalize Singapore firms a new #InternationalPartnershipFund will be setup by Govt with co-invest of $600 Million #sgbudget2017 pic.twitter.com/G8zw7h7Tge
— Rikvin Singapore (@rikvinsg) February 20, 2017
How will the budget 2017 affect your business?
Contact the Tax experts today to understand how can you save more on your taxes.
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