Budget 2018 could alter Singapore's favourable tax system & business environment, says TMF Group

SINGAPORE (Apr 9): Singapore is among the least complex countries in the world for financial compliance, according to the second annual Financial Complexity Index 2018 conducted by business and compliance services provider, TMF Group.

To determine the rankings with its in-country experts, TMF says it used a 74-question survey with weighted complexity parameters, namely: regulatory compliance, tax, statutory reporting and bookkeeping.

94 jurisdictions were ranked across Europe, the Middle East, Africa, Asia Pacific and the Americas, with 1 being the most complex through to 94 being the last.

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