18 February 2025

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In the Budget 2025 statement, delivered on 18 February 2025 by Singapore's Prime Minister and Minister for Finance, Mr. Lawrence Wong, the Government outlines its plans to take Singapore forward by tackling the challenges ahead and securing Singapore’s future.

The statement prioritises key areas, from tackling cost pressures, advancing Singapore’s growth frontier, equipping workers throughout life, building a sustainable city, nurturing a caring and inclusive society, to rallying as one united people.

Explore Crowe Singapore’s Resource Centre for Budget 2025, for an overview of the tax measures and grants relevant to both businesses and individuals, by navigating the links below.

Resource Centre Contents

Corporate Tax

Individual Tax

Goods and Services Tax

Vehicle 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 2025. Visit again to check out latest developments.


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Useful Links

MOF Budget Booklet

Crowe Resources

Tax Insights

The Art of Smart

| 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
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