The Singapore Budget 2021 was delivered by Deputy Prime Minister and Minister for Finance on 16 February 2021 with a commitment to shift gears from the 2020 emergency COVID-19 containment measures to restructuring and accelerating Singapore economy.

The Government has announced a multitude of new and enhanced measures focusing on supporting businesses to innovate, source capital and harness potential in the region, in addition to measures for the Singapore workforce to deepen skills and widen employability and build a more sustainable and cohesive society.

More in detail, the Singapore Budget focuses on the following cornerstones:

  1. Relief from Recovery: to address the needs to safe guard public health and re-open safely, to support workers and businesses and to support sectors that are still under stress
  2. Skilled Workers and Innovative Business: to build new capabilities for workers and businesses
  3. Fiscal Strategy: to support the strategic investment for growth and press on with the economic transformation

If you have any queries on how Budget 2021 may affect your business, please feel free to contact us.

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For more information please contact:

Asian Tax Advisory Singapore:

Daniela Radrizzani
Chartered Accountant
Tel: (65) 9751 2154

600 North Bridge Road
# 13-05 Parkview Square
Singapore 188778