Beyond Budget 2021
Singapore Budget 2022 and beyond
Get the latest on what's happening with Budget 2022
Read our commentary
Grant Thornton's Singapore Budget 2022 commentary
Our observations and analysis
Following the Singapore Budget 2022 announcement by Minister for Finance Mr Lawrence Wong on 18 February, our tax specialists share their observations and provide analysis on the impact of the Budget.
The commentary details key tax changes in the areas of:
- BEPS 2.0 and the possible minimum effective tax rate
- Funds incentive enhancement
- GST increase
- Wealth-related taxes
- Personal income tax & immigration-related changes
- Carbon tax
- Lapses, refinements & others
Partner - Head of Tax
Partner - Employer Solutions and Private...
Partner - Corporate Tax
Director - Indirect Tax Leader
Read our recommendations
Grant Thornton's pre-budget feedback and recommendations
This document highlights the feedback and proposals that Grant Thornton has submitted to the Ministry of Finance (MOF) for consideration prior to the 2022 Singapore Budget and beyond.
The suggestions fall into four broad themes:
- Strengthening Singapore’s position as a competitive business hub
- Building an inclusive and sustainable Singapore
- Supporting Covid-19 recovery
- Simplifying and enhancing our tax system.
The feedback includes ways to tax wealth through property and responding to the global minimum corporate tax.