Singapore Budget Commentary - Archive

This commentary provides our Budget analysis on certain tax proposals. To read our analysis and comments, please click the attached pdf file respectively.



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Budget Commentary 2008 - Singapore

Promoting research and development (R&D) activities in Singapore

  • Liberalisation of R&D tax deductions
  • R&D tax allowance
  • R&D Incentive for Start-up Enterprises (RISE)
Financial services
  • Banking and capital markets
  • Islamic finance
  • Asset securitisation
  • Private wealth management
  • Debt and derivative markets
  • Project finance
  • Incentives to promote offshore insurance businesses
Enhancing the maritime sector
  • Certainty of tax treatment of gains on divestments
  • Risk management activities
  • Maritime Finance Incentive (MFI)
Promoting enterprise and supporting the growth of companies
  • Liberalisation of the start-up exemption scheme
  • Allowance for fixtures, fittings and installations
General tax changes
  • Unilateral tax credits
  • Further tax deduction for talent relocation expenses
  • Portable medical benefits
Personal tax changes
  • Tax rates
  • Course fee relief
  • Central Provident Fund (CPF)
  • Not Ordinarily Resident (NOR) scheme
  • Pensions
  • Employee equity-based remuneration schemes
Goods and Services Tax (GST)

Estate duty

2007 in retrospect

PricewaterhouseCoopers thought leadership



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Budget Commentary 2007 - Singapore
  • Changes in tax rates
  • One-tier corporate tax system
  • Tax deduction for borrowing costs
  • Partial/full tax exemption for companies
  • Accelerated tax depreciation allowances for certain vehicles
  • Extension of tax depreciation for acquisition of intellectual property (IP)
  • Enhancements to investment allowance scheme
  • International arbitration tax incentive
  • Financial services
  • Singapore as a philanthropy hub
  • Logistics, maritime and aviation services
  • Goods and Services Tax (GST)
  • Extension of stamp duty relief for reorganisations and intra-group transfers
  • CPF changes
  • 2006 in retrospect
  • PricewaterhouseCoopers thought leadership
  • Appendices


Singapore Budget Commentary
Budget Commentary 2006 - Singapore
  • No changes to tax rates
  • Enhancing Singapore’s status as a Global Financial Centre
  • Supporting Singapore’s dynamic shipping and logistics industries
  • Measures to promote a knowledge-based economy
  • Other corporate tax changes
  • Goods and Services Tax
  • Shortening the record-keeping period
  • 2005 in retrospect
  • PricewaterhouseCoopers thought leadership
  • Appendices






Budget Commentary 2005 - Singapore

 
  • Reduction in personal tax rates
  • Financial services incentives
  • Logistics incentives
  • Tourism incentives
  • Carry-back of tax losses
  • Welfare measures for Singaporeans
  • Streamlining of limits for CPF contributions
  • Cultivating a more charitable society
  • Stamp duty
  • Estate duty
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Budget Commentary 2004 - Singapore

 
  • Corporate and personal tax rates
  • Exemption for foreign-sourced income for Singapore resident individuals
  • Exemption of Singapore-sourced investment income for individuals
  • The entrepreneur
  • Financial services incentives
  • Other Incentives
  • Reduction in royalty withholding taxes
  • Topping up the top-up
  • Estate Duty enhancements
  • Building the next generation
  • Goods and Services Tax round up
  • Other changes
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Budget Commentary 2003 - Singapore

 
  • Corporate and personal tax rates
  • Exemption for foreign-sourced income
  • Exemption of interest on local bank deposits
  • Intellectual property
  • Incentives
  • Non-tax changes to support the entrepreneurs
  • Other changes
  • Goods and Services Tax
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Singapore Budget Highlights and Commentary 2002

  Budget Highlights covers a snapshot of the Budget changes as well as examines the more notable changes announced.

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  Budget Commentary is a more in depth technical review of the Budget changes.

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Singapore Budget Commentary 2001

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Singapore Budget Commentary 2000

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