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Budget 2022
Budget 2022
Salary requirements for new S and E pass holders to increase from Sep 2022
Employers who wish to hire foreign workers will soon face a higher minimum qualifying salary to bring them in.
February 18, 2022
Budget 2022
Assurance package increased by $640 mil, GSTV scheme enhanced
Both the assurance package and the enhanced permanent GSTV scheme will be implemented together before the GST rate increase.
February 18, 2022
Budget 2022
More help for lower-wage workers, with Workfare payouts increased
Low wage workers will soon get more help, with the government helping businesses to co-fund their wage increases till 2026.
February 18, 2022
Budget 2022
Singapore to raise personal income tax for top 1.2% of income tax payers to 23% to 24% in 2024
Property taxes will also be increased, while luxury cars will have a new ARF tier implemented.
February 18, 2022
Budget 2022
Singapore's GST to be raised to 8% in 2023 and 9% in 2024; Minimum Effective Tax Rate for corporates to be explored
The last time Singapore raised its GST was from 5% to the current 7% in July 2007.
February 18, 2022
Budget 2022
Singapore government to issue $35 bil in green bonds by 2030, raise carbon tax in stages
Singapore will raise its carbon tax rate in stages until 2030, growing up to 16 times its current rate.
February 18, 2022
Budget 2022
Government injects $500 million to support businesses and jobs as Singapore's economy recovers
Dubbed ‘Charting Our New Way Forward’ Budget 2022 seeks to give Singaporeans the confidence to embrace the journey forward.
February 18, 2022
Singapore economy
Singapore posts rebound in 2021 GDP, just before impending GST hike
Gross Domestic Product growth in 2021 was driven mainly by the manufacturing, finance and insurance and wholesale trade sectors
February 17, 2022
Singapore Budget
Singapore Budget 2022: A highly consequential budget
Judgements have to be made on revenues and the potential demands on spending in the midst of great uncertainty
February 10, 2022
Budget 2022
GST hike needed to 'build a better Singapore for tomorrow': Lawrence Wong
"To do so, we will need to invest more in our people and our social infrastructure," says Wong in a Facebook post.
February 09, 2022