Tax measures included in Singapore’s 2021 budget

As outlined by KPMG Singapore’s Ajay K. Sanganeria, the budget extends certain temporary tax measures to support businesses.

Singapore’s budget for 2021 provides immediate support with the S$11 billion COVID-19 Resilience Package along with the S$24 billion package to build a vibrant business community, provide financial capital and develop Singapore’s workforce. The budget extends certain temporary tax measures introduced in the 2020 budget for another year in an effort to support businesses dealing with short-term challenges arising from the coronavirus (COVID-19) pandemic. Extended tax measures include an enha...

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Published Date: 18 February 2021