Singapore Budget 2025: Announcements for individuals
BudgetExplore a summary of the key highlights announced in the Singapore Budget 2025 revealed by Minister for Finance Lawrence Wong on 18 February 2025.
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Singapore Budget 2025
BudgetThe Singapore Budget 2025 was announced by Prime Minister and Minister for Finance Lawrence Wong on 18 February 2025. This hub will be where you can get key takeaways and potential impacts from our tax experts, empowering businesses and individuals to make informed decisions.
Singapore Budget 2025: Announcements for businesses
BudgetExplore a summary of the key highlights announced in the Singapore Budget 2025 revealed by Minister for Finance Lawrence Wong on 18 February 2025.
Tax facts: a quick guide to tax in Singapore
Tax factsA handy guide of Singapore Tax facts to keep you up to date of the tax rates and conditions in Singapore.
Transfer pricing in Singapore
Tax factsAll related party transactions should be conducted at arm's length, ie as if parties were unrelated.
Goods and Services Tax in Singapore
Tax factsGoods and Services Tax (GST) is the principal indirect tax in Singapore (akin to value-added tax in other countries).
Withholding tax in Singapore
Tax factsWithholding tax is generally a final tax where the income in question is not derived from the provision of services.
Property Tax in Singapore
Tax factsProperty tax is a tax levied on property ownership. The annual tax payable is a percentage of the annual value of the property, which is the gross amount for which the property is expected to be let out in that year.
Corporate income tax in Singapore
Tax factsUnder the modified territorial basis of taxation, companies in Singapore are subject to tax on income accruing in or derived from Singapore and foreign income received or deemed received in Singapore from outside Singapore.
Personal income tax in Singapore
Tax factsIndividuals (resident and non-resident), are only liable to income tax in respect of income accruing in or derived from Singapore. The tax year is the calendar year.
Service Transactions under Singapore Transfer Pricing Regulations: Key Considerations for Taxpayers
Transfer PricingTransfer pricing regulations by the Organisation for Economic Cooperation and Development (OECD) and Singapore have specific provisions to talk about intercompany service transactions. This article delves into what Singapore taxpayers need to know about service transactions under these regulations and highlights typical mistakes businesses may make.
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8 min read
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25 Nov 2024
Key transfer pricing guidance on Pillar 1 - Amount B and what businesses should know
Transfer PricingOECD has released key transfer pricing guidance on Pillar 1 - Amount B report. With the evolving global tax landscape, it is vital for business to understand these initiatives to take appropriate actions to strengthen tax governance and mitigate tax risks.
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6 min read
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16 Apr 2024
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Reactionary comments on the Singapore Budget 2025 from Grant Thornton
18 Feb 2025Off the back of the Singapore Budget announcement by Finance Minister and Prime Minister Mr Lawrence Wong on 18 February 2025, experts from Grant Thornton Singapore share their thoughts.
Partner - Employer Solutions and Private...
Partner - Corporate Tax
Transfer Pricing Leader
Indirect Tax Leader