Executive summary
On 18 February 2020, Singapore’s Minister for Finance delivered the Singapore Budget for the financial year 1 April 2020 to 31 March 2021 (Budget 2020).
Against the backdrop of near-term uncertainties and economic slowdown, Budget 2020 introduces a range of business-friendly tax changes and measures aimed at enhancing Singapore’s position as a Global-Asia hub of technology, innovation and enterprise.
This Alert summarizes the key tax initiatives relevant to businesses in…