Singapore Budget 2013
| 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.
| 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.
| 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.
| 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.
| 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.
| 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.
| 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.
| 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.