This commentary provides our Budget analysis on certain tax proposals, including:
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
Appendices
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