For one, Singapore’s fiscal policy should evolve to support businesses in an increasingly complex global economy. Policies that provide clarity and flexibility could help companies stay resilient and responsive to change, Deloitte says.
Deloitte Singapore’s Budget 2025 key recommendations focus on enhancing business resilience, adapting to global tax reforms, advancing research and development (R&D) and promoting sustainability.
As Singapore prepares to commemorate its 60 years of independence, Budget 2025 is a significant opportunity for the country to shape a more vibrant business ecosystem. To this end, there is a need to refine its fiscal policies to address global and domestic challenges, the firm notes.
