Singapore Cuts Corporate Tax And Increase GST to 7%

Interesting key features from Singapore Second Finance Minister Tharman Shanmugaratnam when presenting the 2007/2008 budget:

the plans to raise the country’s goods and services tax (GST) to 7% from 5% from July 1 and cut corporate tax by 2 percentage points to 18% next year. the GST increase will be used to redistribute wealth to [...]

February 15th,2007 | Category:Corporate Tax,Indirect Tax,Singapore | Leave a comment