Singapore Budget 2013

Thought leadership

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More boost for human capital of SMEs 19 March 2013
More boost for human capital of SMEs
The various schemes in Budget 2013 can be further tweaked so SMEs can be even more productive and competitive. Securing the sustainability of SMEs by enabling them to build a more productive workforce will be the core of the long-term health of our economy.

Incentives galore to help SMEs raise productivity 15 March 2013
Incentives galore to help SMEs raise productivity
Budget 2013 delivered a clear and tough message that productivity is not an option but a necessity for businesses. It is important for SMEs to break down barriers and take full advantage of the various fiscal incentives and assistance schemes available to mitigate costs and enable change.

Keeping the PIC scheme updated, flexible 26 February 2013
Keeping the PIC scheme updated, flexible
Budget 2013 explained the need for productivity growth in its holistic context. The Productivity and Innovation Credit scheme has been sharpened since its inception to increase its effectiveness as a broad-based tax allowance and deduction scheme aimed at productivity growth.

More certainty in Singapore tax rules 13 February 2013
More certainty in Singapore tax rules
While Singapore already has a progressive tax framework, there are still opportunities to introduce greater certainty in the areas of transfer pricing and taxation for real estate investment trusts.

More flexibility needed in Singapore tax incentives 29 January 2013
More flexibility needed in Singapore tax incentives
There’s room to introduce more flexibility into Singapore’s current tax incentive regime to keep it relevant to businesses. In particular, the Development and Expansion Incentive can be stripped of its rigidity so that more companies can enjoy the tax benefits of the scheme.

Keeping ahead as Asia's leading asset management hub 22 January 2013
Keeping ahead as Asia's leading asset management hub
Asset management companies are facing increasing regulatory pressures, while Singapore faces challenges of a different kind: staying relevant and attractive to them. Singapore therefore needs to refine its tax exemption regime for funds to keep its lead as an asset management hub.

Widening Singapore as a market for ideas 18 January 2013
Widening Singapore as a market for ideas
It is timely for Singapore to revisit its existing tax regulations for intellectual property (IP) to entrench itself as a global IP management hub. Strengthening Singapore’s IP legislation will boost businesses’ confidence that their intellectual efforts behind their innovations are well protected here.

Attracting holding companies: Where Singapore can do better 10 January 2013
Attracting holding companies: Where Singapore can do better
While Singapore ranks as one of the most competitive holding company locations in the region, it lags behind some of its counterparts in the rules on tax relief for interest expense. In this regard, Singapore can perhaps take a leaf from the UK’s book in allowing group relief for interest expense.

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