Singapore’s Budget 2021 will be announced by Deputy Prime Minister and Finance Minister Heng Swee Keat on 16 Feb. There is much anticipation on what it will entail as it follows the unprecedented five packages amounting to close to $100 million announced in 2020.
More grants supporting local enterprises, tax incentive packages catalysing digitalisation and business transformation, as well as special propositions enhancing the skills of Singapore’s workforce, are some items on professional services firm KPMG’s wish list for the upcoming Budget 2021.
“Our proposals for Budget 2021 will further strengthen existing policies as well as propel Singapore to emerge from the crisis stronger than ever,” says Ajay Sanganeria who heads the tax division of KPMG Singapore.
