The corporate tax contribution in sustaining Singapore’s social compact
Singaporeans’ interactions with foreign multinational companies are integral to defining and showing our social compact
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
WHEN Budget 2024 was announced as the first instalment of plans for the Forward SG initiative, the instinct was that the new policies or policy shifts would aim at benefiting Singaporeans – workers, students, families, businesses and more.
A closer look at the announcements shows that a lot more parties are impacted.
The Overseas Humanitarian Assistance Tax Deduction Scheme, for example, will be piloted for four years from 2025. This scheme provides individual and corporate donors with a 100 per cent tax deduction for qualifying cash donations to charities located around the world.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
