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Singapore: Tax measures included in stimulus package (COVID-19)

Singapore: Tax measures included in stimulus package

The government of Singapore on 26 March 2020 announced a stimulus package (known as the “Resilience Budget”) in response to the coronavirus (COVID-19) pandemic.

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The Resilience Budget aims to support households, help workers stay employed, and provide support for enterprises to emerge stronger when the economy recovers. The Resilience Budget also introduced measures to help specific sectors that are directly affected by the COVID-19 pandemic such as the aviation, tourism, food services, land transport and arts and culture sectors. 

Key tax measures in the Resilience Budget relate to the automatic deferment of income tax payment for companies and a property tax rebate program for qualifying commercial properties.

Read a March 2020 report [PDF 3.9 MB] prepared by the KPMG member firm in Singapore

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