16 February 2024

iStock-844277930.jpg

In the Budget 2024 statement, delivered on 16 February 2024 by Singapore's Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, the Government outlines its plans to support and empower Singaporeans, giving them confidence in dealing with challenging global situations.

The statement prioritises key areas, from providing cost-of-living relief to making investments in workforce development and skills training. Furthermore, it underscores a forward-looking commitment to advancing artificial intelligence and sustainability as pivotal drivers for growth and transformation, contributing to a resilient and promising future.

Explore Crowe Singapore’s Resource Centre for Budget 2024, for a summary of the tax measures and grants relevant to businesses and individuals, by navigating the links below.

Resource Centre Contents

Corporate Tax

Individual Tax

Stamp Duty

Property Tax

Other Changes

Grants, Funding & Other Support

This resource centre will be updated with new information and clarifications provided by the Inland Revenue Authority of Singapore (IRAS) and other government agencies on the key measures announced in the Budget 2024. Visit again to check out latest developments.


<aside> 📬 Subscribe to Receive Tax and Transfer Pricing Updates, Straight to your Inbox. With a wealth of resources on tax and transfer pricing issues and developments available through our Global network, we will be able to provide you with insights from around the world as and when they are available. To learn more and subscribe, click here.

</aside>

Useful Links

MOF Budget Booklet

Crowe Resources

Tax Insights

The Art of Smart

Blog

| Disclaimer

This online newsletter and website has been prepared by Crowe Horwath First Trust (”Crowe Singapore”) and should be used as a general guide only. No reader should act solely upon any information found on this website. We recommend that professional advice be sought before taking action on specific issues and making significant business decisions. Crowe Singapore expressly disclaims all and any liability to any person in respect of anything, and of the consequences of anything, done or omitted to be done by any such person in reliance, whether wholly or partially, upon the whole or any part of the contents of this website. While every effort has been made to ensure the accuracy of the information contained herein, Crowe Singapore shall not be responsible whatsoever for any errors or omissions in it.
About Crowe Singapore
A member of Crowe Global, a top 10 accounting network, Crowe Singapore is an award-winning and one of the fastest-growing full-fledged professional services firms in Singapore. Crowe Singapore leverages its core strengths in audit, tax and accounting, to provide a full suite of professional services, serving the needs of start-ups, small and medium enterprises, public-listed entities, multinational corporations and financial institutions. To learn more, please visit **www.crowe.sg**
9 Raffles Place, #19-20 Republic Plaza Tower 2, Singapore 048619
© 2024 Crowe Singapore