#sgbudget2022

#BTOpinion: New EP framework gives clarity — now firms have to act on this knowledge In this piece, BT's Janice Heng looks at the government's new complementarity assessment framework for EP applications, and notes that…

Opposition alternatives to GST hike will not plug funding gap, need 'reality check': Wong Earlier in the #SGBudget2022 debate, Workers' Party (WP) MP Louis Chua suggested that the government could top up its coffers with…

Burden of GST hike falls on the better-off, will not change effective GST rate at the bottom: Lawrence Wong In his round-up speech, Wong said lower-income households currently pay a "much lower" effective GST rate than h…

Singapore government not accumulating more reserves than necessary: Wong The finance minister also took issue with a suggestion by Workers' Party MP He Ting Ru's suggestion that "by saving for the future, we are discount…

Singapore could take action to tackle higher costs arising from war in Ukraine: Wong "We are monitoring the external situation and the risk for our economy closely — risks in terms of both growth and inflation. If the si…

Labour MPs call for foreign manpower tweaks, expanded training to support local workers Enhancing the Employment Pass (EP) framework is among the most urgent tasks needed to improve conditions for professionals, managers…

Budget 2022 boosts Singapore's green building efforts "The goal is an ambitious one, and will need full public, private and people partnership to achieve it," says Charles Lim, leader, South-east Asia, at Johnson Control…

BEPS 2.0 unlikely to hurt competitiveness, may net Singapore gains in tax revenue Nation seen losing revenue under Pillar 1, which targets large MNEs, but benefiting from Pillar 2's global minimum effective tax rate impa…

#SGBudget2022: The wealthy should not be expected to bear most or all of Singapore's tax burden: Lawrence Wong "If we start to have the attitude that most of the tax burden, or everything can be borne by the top 1 per ce…

#SGBudget2022: Carbon tax hike a 'strong signal' that Singapore is serious about green targets: Tan See Leng Singapore should also welcome talent from abroad who can complement the local workforce by transferring the ski…

#SGBudget2022: Many companies still looking to expand abroad once borders reopen: OCBC's Linus Goh With Singapore being a small island city-state, companies have "no other option" but to connect with overseas markets, an…

#SGBudget2022: Budget measures will help firms build on pandemic lessons, make Singapore a more attractive 'magnet global city' Ultimately, the progressive nature of Singapore's tax system allows the government to collec…

[INFOGRAPHIC] Curious to see how the numbers from #SGBudget2022 stack up compared to past years? Check out our very own interactive infographic putting together this year's Budget in numbers: For more #SGbudget2022 conte…

#SGBudget2022: OPINION — A fiscal plan for social health The pandemic has shown starkly the inequalities in Singapore society. In laying out the government's fiscal plans, the Budget must also nurture and develop our sto…

#SGBudget2022: OPINION — Singapore's Green Plan will need to fast-track initiatives while pushing for long-term ambitions Critical to these efforts will be Singapore's reputation for ESG in Asia, along with the green inn…

#SGBudget2022: OPINION — Does Budget 2022 portend more taxes to come? It may seem painful, but taxes are a necessary pinch to make sure Singapore remains at the top of its game, while making sure our future - be it in te…

#SGBudget2022: Winning and losing stocks from Singapore's Budget Tax changes in Singapore's Budget are positive for certain retail stocks and firms that are reducing their carbon emissions, but some multinational compani…

#SGBudget2022: Work pass changes expected to hit SMEs more than MNCs International firms may shift certain work functions elsewhere in the region amid rising cost pressures, while they keep their most skilled talent in t…

#SGBudget2022: Economists still see further monetary policy tightening in April despite GST hike delay Barclays regional economist Brian Tan said the Monetary Authority of Singapore (MAS) would likely need to tighten mon…

#SGBudget2022: Tighter foreign worker quotas not enough to push construction sector to innovate Instead, in the short term, construction firms foresee that the latest policy changes for work permit holders will only drum…

#SGBudget2022: Higher ARF may not put the brakes on luxury car sales A senior manager for Wearnes Automotive's luxury division, which retails cars from Aston Martin, Bentley and other exotic car brands, said he did not e…

#SGBudget2022: A politically-safe step in the right direction #BTOpinion: "What was missing from our expectation was a separate band for property owned by non-residents -- our beef being that non-residents wishing to par…

#SGBudget2022: SMEs welcome S$500m aid, GST delay but tourism, F&B players see help as band-aid "There is no F&B player that I have spoken to in recent times who doesn't face manpower issues. We need more help in hiring…

#SGBudget2022: Wong's tax philosophy: Everyone must chip in, but those with more contribute more In delivering his Budget statement on Friday (Feb 18), finance minister Lawrence Wong rejected Europe’s model of high taxes…

#SGBudget2022: GST hike delay welcomed by businesses, but watchers ask if the move is fiscally prudent On this, Finance Minister Lawrence Wong said: "Our revenue needs are pressing, but I also understand the concerns tha…

#SGBudget2022: SMEs welcome S$500m aid, GST delay but tourism, F&B players see help as band-aid "If you look at what the Budget is signalling overall, it is that growth is returning, the economy is recovering, and we're…

#SGBudget2022: EP, S-pass salary bump a blow to tech sector, but signal urgency in building local talent These measures come as a strong blow to the tech sector already facing talent shortages and may even impede the gro…

#BTOpinion: Budget 2022: A progressive move towards greater solidarity There was a lack of usual adages about exercising caution and fearing capital flight in Finance Minister Lawrence Wong's announcements of higher taxe…

#SGBudget2022: Quick Takes on corporate and personal income taxes "Aside from the possible introduction of the minimum effective tax rate, potential areas of guidance for businesses –including expected changes to the tax…

#SGBudget2022: Higher personal income taxes can be double-edged sword Finance Minister Lawrence Wong said a wealth tax is an important part of the tax system to generate revenues and "help to recirculate a portion of the…