Singapore Budget 2022

Active economy. Beautiful environment. Caring society.

Keep up to date on how businesses can navigate this year’s Budget measures.

Singapore’s FY2022 Budget Statement was announced by the Minister for Finance, Mr Lawrence Wong on Friday, 18 February 2022 in the Parliament.

The Organisation for Economic Co-operation and Development (OECD) proposal for a global minimum tax is expected to reduce the effectiveness of tax incentives as a tool to encourage larger multinational enterprises (MNEs) to invest in Singapore. Therefore, it is crucial for Singapore to strengthen its competitiveness on the non-tax front to remain attractive to foreign direct investors. In addition, Singapore needs to promote a conducive environment for local enterprises to expand and internationalise, while addressing the socio-economic considerations amid a maturing demographics profile and the ongoing economic transformation.

In the long term, the expected increase in government spending should be funded by economic growth. Meanwhile, there has been much debate about whether a wealth tax can help address fiscal needs and income/ wealth redistribution. Being a leading asset and wealth management centre, Singapore would need to consider any such measure carefully to avoid capital flight.

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Hear from Chris Woo, Tax Leader, PwC Singapore and Kor Bing Keong, GST Leader, PwC Singapore on their key takeaways from the Budget.

Budget 2022 roundup

This year’s Singapore Budget, presented on 18 February, is focused on preparing us for future challenges and opportunities so that we can continue to strengthen our competitiveness as a financial and business hub. Hear from Chris Woo, Tax Leader, PwC Singapore and Kor Bing Keong, GST Leader, PwC Singapore on their key takeaways from the Budget.  

Singapore Budget 2022 webcast

 Watch our webcast (now available on-demand) as we break down the new measures and share insights on what this year’s Budget means for you and your business.

Singapore Budget 2022 webcast
Recorded on: 11 March 2022, 3.00pm - 4.30pm (SG)

Watch the webcast now

Singapore Budget 2022 webinar

Singapore Budget 2022 commentary

View our Singapore Budget 2022 Commentary for practical insights and action points for businesses to rethink, reimagine and transform now.

Read our Budget 2022 commentary

Singapore Budget 2022 proposals

Leading up to the budget announcement, we have put together proposed measures to the Government pivoted on three key themes around creating an active economy, a beautiful society and a clean environment, with business competitiveness, social resilience and environment, social, and governance (ESG) identified as the main areas of focus.

Read our Budget 2022 proposals



Contact us

Chris Woo

Tax Leader, PwC Singapore

+65 9118 0811


Eu-Lin Fang

Sustainability and Climate Change Practice Leader, Partner, PwC Singapore

+65 9817 8213


Falgun Thakkar

Partner and Global Structuring Leader, PwC Singapore

+65 9634 7984


Greg Unsworth

Digital Business and Risk Services Leader, PwC Singapore

+65 9848 6025


Kor Bing Keong

Partner and Goods and Services Tax Leader, PwC Singapore

+65 9112 6982


Sam Kok Weng

Markets and Financial Services Leader, PwC Singapore

+65 9367 3340


Irene Tai

Partner, Corporate Tax, PwC Singapore

+65 9756 8439


Lennon Lee

Partner and Financial Services Tax Leader, PwC Singapore

+65 8182 5220


Paul Lau

Partner, Financial Services Tax, PwC Singapore

+65 8869 8718


Tan Ching Ne

Partner and Corporate Tax Leader, PwC Singapore

+65 9622 9826


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