Singapore, 21 February 2024 – Singapore’s Deputy Prime Minister and Minister for Finance, Mr Lawrence Wong, delivered the 2024 Budget Statement on Friday, 16 February 2024.
Budget 2024, as the first instalment of our country’s Forward Singapore exercise serves to address various areas to build a future-ready country. Measures were introduced to help businesses and the workforce to stay competitive, along with initiatives to prepare the nation for future trends, such as the AI strategy and the transition to cleaner fuel sources. All of which would ensure the nation’s continued growth in the foreseeable future.
Singapore has to remain a choice jurisdiction for enterprising businesses and investors to start new businesses, manufacturing plants, and expand existing ones to sell their services and goods at competitive prices worldwide.
Download the full CLA Global TS Singapore Budget 2024 Commentary.
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Aaron Zhou Chinese Clients Tax Lead aaronzhou@sg.cla-ts.com |
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Tan Xin Yi Individual Tax Lead tanxinyi@sg.cla-ts.com |
Else Guo Private Wealth Services Tax Specialist elseguo@sg.cla-ts.com |
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Chris Lim Business Tax Specialist chrislim@sg.cla-ts.com |