Announcement
19 Feb 2018
On 19 February 2018, Singapore announced a number of corporate tax changes and schemes as part of the Budget Statement for the Financial Year 2018.
Source
Sign in to access
Number of interventions
3
3 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Jan 2020
Revocation date:
No revocation date
Updated: 19 Feb 2018
Internal taxation of imports
In force
Goods and services tax ("GST") on imported services was introduced during Budget 2018, to be implemented on or after 1 January 2020.
Business-to-business imported servic...
Sign in to see more
Implementation date
01 Jan 2019
Revocation date:
31 Mar 2025
Updated: 19 Feb 2018
Local content incentive
While Singapore's budget law of 2018 raises the tax deduction for locally conducted R&D activities, the budget reduces the deductibility of imported R&D services. If the R&D is conducte...
Sign in to see more
Implementation date
01 Jan 2019
Revocation date:
31 Dec 2025
Updated: 19 Feb 2018
Tax or social insurance relief
According to Singapore's Budget Statement for the Financial Year 2018, research and development (R&D) projects performed in Singapore will have the tax deduction for eligible expenses, such as ...
Sign in to see more
Threads
See all
This state act is not part of any Thread yet.