Singapore: Transition Support Scheme and migration restrictions introduced in 2013 budget

Announcement

25 Feb 2013

In February 2013, the government of Singapore announced a change for the labour market access of foreign workers and a targeted tax change.

Source

Number of interventions

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jul 2013

Revocation date:

No revocation date

Updated: 25 Feb 2013

Labour market access In force

In his budget speech of 23 February 2013, the Deputy Prime Minister announced a number of migration policies. One of them were "selective further Dependency Ratio Ceiling (DRC) cuts for sectors where ...

Implementation date

01 Apr 2013

Revocation date:

No revocation date

Updated: 25 Feb 2013

Tax or social insurance relief In force

On 25 February 2013, Deputy Prime Minister and Minister of Finance, Tharman Shanmugaratnam, held the 2013 budget speech in the Singaporean parliament. Among the biggest changes was the introduction of...

Implementation date

25 Feb 2013

Revocation date:

31 Dec 2015

Updated: 25 Feb 2013

Local content incentive

Implementation date

25 Feb 2013

Revocation date:

No revocation date

Updated: 25 Feb 2013

Financial grant In force

On 25 February 2013, Deputy Prime Minister and Minister of Finance, Tharman Shanmugaratnam, also announced the Productivity and Innovation Credit Bonus with a total budget of SGP 450 million (ca. USD ...