To help alleviate rising business costs, the Singapore government has introduced a broad range of non-tax incentives with the aim of boosting productivity and encouraging businesses to upgrade their operations. This issue of Tax Lookout considers some of the more common schemes and grants that are available, and discusses how businesses may benefit from them. It also highlights some of the corporate tax and Goods and Services Tax (GST) implications that may arise from such grants. We also share how our people from various neighbouring countries celebrate their respective national days, as we celebrated Singapore's Golden Jubilee this year.
Read more in our latest Tax Lookout.