Thursday, 26 March 2020 15:55

Notable tax changes in Singapore Budget 2020

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The Ministry of Trade and Industry of Singapore (MTI) believes that the new strain of coronavirus (Covid-19), is expected to have a negative impact on the Singapore economy, especially for sectors such as tourism, aviation, retail, foodservice, and point-to-point transport services. While Singapore is dealing with the economic collapse from the ongoing Covid-19 outbreak, from February 18 this year, a slew of measures to deal with short-term challenges such as the coronavirus outbreak and long-term economic development was introduced by Deputy Prime Minister Heng Swee Keat.

In the article below, Global Links Asia will update the key announcements made during the Singapore Budget 2020 with the latest schemes and support packages.

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